A letter of credit is an instrument issued by a bank, or another person, at the request of an account party
Indicate whether the statement is true or false
True
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Brand uniqueness is not important in nonprice competition.
Answer the following statement true (T) or false (F)
McConnell's Bakeries had the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $100,000; Allowance for Uncollectible Accounts = $4,100 (credit). McConnell's estimates uncollectible accounts based on an aging of accounts receivable as shown below:Age Group(days past due) AccountsReceivable Estimated Percent Uncollectible Not yet due $50,000 4% 0-30 $20,000 8% 31-60 $18,000 10% More than 60 $12,000 40% What amount of bad debt expense did McConnell's record in its December 31, 2021, adjustment to the allowance account?
A. $10,200. B. $15,300. C. $6,100. D. $12,800.
Distribution channels are an example of ________ capital.
A. social B. intellectual C. customer D. financial E. human
When someone is able to act as both a leader and a manager, what type of power to they possess that others often do not?
A) Legitimate power B) Reward power C) Referent power D) Expert power E) Coercive power