That it increases the money supply and the inflation is higher. More money can be loaned out by the bank.
Answer:
$8,870
Explanation:
Calculation to determine the balance in the allowance for doubtful accounts after bad debt expense is recorded
Using this formula
Balance in the allowance for doubtful accounts=
(Credit sales* Percentage of Credit sales)+Allowance for doubtful accounts credit balance
Let plug in the formula
Balance in the allowance for doubtful accounts= ($458,000*1.5%)+$2,000
Balance in the allowance for doubtful accounts=$6,870+$2,000
Balance in the allowance for doubtful accounts=$8,870
Therefore the balance in the allowance for doubtful accounts after bad debt expense is recorded will be $8,870
knowing how to work with heavy machinery
Answer:
The required return is 7.92%
Explanation:
Required return is defined as the minimum return which the investor expects to accomplish through investing in the project.
The required return would be computed as:
Required return = Dividend paid each year / Selling price per share
where
Dividend paid each year is $6,40
Selling price per share amounts to 480.80 per share
Putting the values above:
Required return = $6.40 / $80.80
Required return = 7.92%
