The Reconstruction Finance Corporation is a government corporation in the US by Eugene Meyer a Federal Reserve Board Governor during the governance of President Hoover. It was applied last 1932 and allowed loans for everyone who would meet the requirements.
The responsibility of the Federal reserve is to provide loans. However, RFC ended after WW2 during President Eisenhower's term. On the other hand, President Roosevelt benefited from its operation when it allowed loans in agriculture and housing.
Answer:
Cumulative cash flow - $420
Net cash flow
Jan = $100
Feb= $150
Mar= $90
Apri -$55
May = $25
June -0
Explanation:
Jan - Feb - Mar - Apr - May - June
sale receipt 300 350 300 350 400 300
Disbursement (200) (200) (210) (295) (375) (300)
Net cash flow 100 150 90 55 25 0
Cumulative balance = $420
Answer:
The allowance for doubtful accounts account (balance after expense recognition) is $1,640
Explanation:
Bad debt are the accounts receivable which becomes uncollectible. It has to be recognized in the period of sales were made. Percentage of receivables method is an estimated percentage of bad debts on closing accounts receivable balance. It is adjusted with the existing balance in the allowance for doubtful accounts.
Account Receivable Balance
Beginning Balance $52,000
Add: Revenue Earned on account $220,000
Less: Collected cash from receivable $230,000
Less: Account Receivable Write off <u>$1,000 </u>
Ending balance of Account receivable <u> $41,000 </u>
Allowance for Estimated uncollectible accounts for the year = $41,000 x 4% = $1,640
Answer: more extensive external contacts
Explanation:
Team diversity has to do with the differences that the members of a particular team have. Such differences can be due to religion, nationality, age etc. .
It should be noted that diverse team will almost always have more extensive external contacts than a homogeneous team.
