ansley81

08.07.2019 • 

Business

Problem 7-2a estimating and reporting bad debts lo p2, p3 [the following information applies to the questions displayed below.] at december 31, 2018, hawke company reports the following results for its calendar year. cash sales $ 1,867,290 credit sales 3,128,000 in addition, its unadjusted trial balance includes the following items. accounts receivable $ 947,784 debit allowance for doubtful accounts 12,630 debit problem 7-2a part 1 required: 1. prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. bad debts are estimated to be 3% of credit sales. (round your final answers to the nearest whole dollar.) bad debts are estimated to be 2% of total sales. an aging analysis estimates that 6% of year-end accounts receivable are uncollectible. (round your final answers to the nearest whole dollar.)

Ответ:

Margieeee

19.02.2022

Business

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% in T bills = 18.92%, % in P = 81.08%

Explanation:

Portfolio return = Weighted average return

Return of portfolio P = 0.14*0.6 + 0.10*0.4

Return of portfolio P = 0.124

Let % money in T bills be x

0.11 = 0.05*x + 0.124*(1-x)

0.11 = 0.05x + 0.124 - 0.124x

0.014 = 0.074x

x = 18.92%

Hence, % in T bills = 18.92%, % in P = 81.08%

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