Answer:
$9,400
Explanation:
The computation of ending balance in the Allowance for Doubtful Accounts account is shown below:-
The ending balance in the Allowance for Doubtful Accounts account = Net credit sales × Bad debt losses + Unadjusted credit balance
= $190,000 × 3% + $3,700
= $5,700 +$3,700
= $9,400
Therefore for computing the ending balance in the Allowance for Doubtful Accounts account we simply applied the above formula.
Answer:
Net income for the year = $257,000
Explanation:
Retained earnings for the year= Net income - dividends paid.
Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of $2,499,000.
therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.
Net income for the year is thus = $257,000 since no dividends were paid.
The industry that is the most recent target of deregulation is the "electric utility industry".
Electric deregulation is the way toward changing tenets and directions that control the electric industry to give clients the decision of power providers who are either retailers or dealers by permitting competition. Deregulation gives purchasers a choice with regards to their energy provider.
Answer:
The correct option is D,the markets for bonds of different maturities are separate or segmented
Explanation:
Market segmentation theory is of the view that market for short-term and long-term bonds are segmented from each other,wherein investors with different preferences investing in different markets.
Banks for instance are short-term position takers due to their preference for liquidity and would favor investing short-term instruments like the 3-month Treasury bill such that at every point in time, there is enough cash liquidity to meet customers' request for withdrawal of funds.
On the flip side, pension fund administrators take a long-term position on investment, hence would prefer the 30-year Treasury bill since their payment of retirement benefits is usually a low portion of their total contributions received from contributors to their pension funds.
