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Sladkaya [172]
3 years ago
7

The following information comes from the accounts of James Company: Account Title Beginning Balance Ending Balance Accounts Rece

ivable $ 34,700 $ 35,700 Allowance for Doubtful Accounts 1,520 2,720 Note Receivable 54,700 54,700 Interest Receivable 1,000 3,556 Required a. There were $182,700 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cash collected from accounts receivable
Business
1 answer:
Novosadov [1.4K]3 years ago
6 0

Answer: $179,900

Explanation:

The amount of cash collected from accounts receivable will be calculated thus:

Account receivable at begining = $34700

Add: Sales on account = $182700

Less: Write-offs of uncollectible accounts = $1,800

Less: Account receivable at ending balance = $35700

Cash collected = $179,900

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Answer:

13.70%

Explanation:

The expected return of a portfolio is said to be the weighted average of the returns of the individual components,

Given that:

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the risk of Stock A as measured by its variance is 3 times that of Stock B.

If the two stocks are combined equally in a portfolio;

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Expected return of the portfolio = summation of the expected return for both stocks

Expected return of the portfolio = 8.9 %  + 4.8%

Expected return of the portfolio =  13.70%

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