Answer:
D. CREDIT TO ACCOUNTS RECEIVABLE
Explanation:
Sales return is the transaction of return of goods by customer which is sold earlier. It is posted in a contra sales account and the receivable will be reduced if sold on credit otherwise cash will be refunded.
The Entry for sales return will be as follows
Dr. ALLOWANCE FOR SALES RETURNS $40,000
Cr. Account Receivable $40,000
So the correct answer is D. CREDIT TO ACCOUNTS RECEIVABLE
Answer:
Economists measure the health of the economy by comparing and analyzing economic outcomes that result from various activities based on GDP, growth rates, unemployment rate, and inflation rate.
Explanation:
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Answer:
The correct answer is letter "C": The extent to which interest rates on the firm's debt fluctuate.
Explanation:
Interest rates on debts are the amounts of money the company must pay after requesting loans or assets on credit. Interest rates are fixed and they are specified at the moment of accepting the transaction that will generate the debt in the organization. Thus, they do not represent a risk for the company.
Answer:
What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?
Cash received_____________________4235000
Explanation:
Sales __________________________ 4470000
Account receivable increase________ 235000
Cash received_____________________4235000
Answer:
Ans 1)
As Average Annual return increases from Combination A to E we can observe that Standard deviation also increases from A to E
Therefore it is clear that there is positive relationship between the Risk of Caroline's portfolio and the average annual return.
Ans 2)
IF Caroline needs to reduce the risk associated with portfolio combination D from 15 to 5 then he can do 2 things such that he should sell some portion of portfolio invested into stocks and ultimately accept lower returns because as we see in Part 1) answer risk and returns are positively correlated.
Option 2) and Option 3) are correct
Ans 3)
95% confidence interval gives us range of -2*SD, 2*SD
therefore range of return for given scenario with portfolio return equals to 3.5% and SD=5%
(Mean- z value*SD , Mean value*SD)=
(3.5%-2*5% , 3.5%+2*5%)=(-6.5%,13.5%)
Gain of 13.5% and Loss of -6.5%
