Writing off an uncollectible account affects only balance sheet accounts under the allowance method.
Answer:
For correlation 1 the standard deviation of portfolio is 0.433.
For correlation 0 the standard deviation of portfolio is 0.3191.
For correlation -1 the standard deviation of portfolio is 0.127.
Explanation:
The standard deviation of a portfolio is computed using the formula:

(1)
For <em>r</em> = + 1 compute the standard deviation of portfolio as follows:

Thus, for correlation 1 the standard deviation of portfolio is 0.433.
(2)
For <em>r</em> = 0 compute the standard deviation of portfolio as follows:

Thus, for correlation 0 the standard deviation of portfolio is 0.3191.
(3)
For <em>r</em> = -1 compute the standard deviation of portfolio as follows:

Thus, for correlation -1 the standard deviation of portfolio is 0.127.
Answer:
$2.00
Explanation:
Since there was an increase of 30% from 2009, Allen Lumber Company's earnings after taxes for 2010 were:

The total number of shares in 2010 was:

Earnings per share for 2010 are determined by dividing total earnings by the number of shares:

Earnings per share for the year 2010 were $2.00.