If a portfolio regularly falls twice as much as a benchmark index rises, the portfolio's beta coefficient is _________

On December 31, 2020, Central Freight reported an allowance for uncollectible accounts of $15,300. During 2021, Central wrote of

vampirchik [111]

Answer:

Explanation:

To write off specific accounts:

Debit (contra asset account) - Allowance for uncollectible accounts $17,000

Credit (asset account) - Accounts receivable $17,000

To reinstate account previously written off:

Debit (asset account) - Accounts receivable $750

Credit (contra asset account) - Allowance for uncollectible accounts $750

To adjust allowance for uncollectible accounts at year-end :

Bad debt expense = allowance for uncollectible accounts at the end of the period - (allowance for uncollectible accounts at the beginning of the period - wrote off + reinstate account previously written off)

Bad debt expense = $14,900 – ($15,300 – $17,000 + $750)

Debit (expense account) - Bad debt expense $15,850

Credit (contra asset account) - Allowance for uncollectible accounts 15,850

5 0

2 years ago

Brewer Inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock ou

scZoUnD [109]

Answer:

Total dividend = 30,000

Explanation:

Given:

Total number of stock = 5,000

Dividend rate = 6% = 0.06

Per value = $50

Computation of dividend per year:

Dividend per year = Total number of stock × Per value × Dividend rate

Dividend per year = 5,000 × $50 × 0.06

Dividend per year = 15,000

For cumulative preferred stock:

Total dividend = 2016 Dividend + 2017 Dividend

Total dividend = 15,000 + 15,000

Total dividend = 30,000

6 0

2 years ago

According to the video, what do workers in this career cluster often do? Check all that apply. sell products entertain customers

Salsk061 [2.6K]

Answer: -interact with others

- work outdoors

- focus on details

Explanation:

I just did edgenuity

5 0

2 years ago

Read 2 more answers

Today we see a very low unemployment rate with a controlled and acceptable inflation rate. Which of the following statements cou

serious [3.7K]

Answer:

A. All of these 3 other possible answers that are listed here are true reasons.

Explanation:

If we are to use wage the rate of change in wages or inflation, as a proxy for inflation in the economy, when there is unemployment, the number of persons searching for work is significantly greater than the number of jobs available for the people who are unemployed. What we mean is, the supply of labor is greater than the demand for it.

With the availability of many workers, there's little need for employers to "bid" for the services of employees by paying them good wages.

7 0

1 year ago

Read 2 more answers

A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10

ElenaW [278]

Answer:

Option (a) is correct.

Explanation:

Given that,

Explicit costs = $10,000

Here, the implicit cost is the cost of sacrificing money income from job:

= $10 per hour × 8 hours a day × 30 days

= $2,400

Revenues:

= Items produced in a day × Selling price of each × 30 days

= 50 × $10 × 30

= $15,000

Therefore,

Economic profit for the month:

= Revenues - Explicit costs - Implicit cost

= $15,000 - $10,000 - $2,400

= $2,600

8 0

2 years ago

If a portfolio regularly falls twice as much as a benchmark index rises, the portfolio's beta coefficient is __________.