The annual report for fallon holding corporation contained the following information: (in millions) 2016 2015 accounts receivable $ 671 $ 733 allowance for doubtful accounts 31 32 accounts receivable, net $ 640 $ 701 assume that accounts receivable write-offs amounted to $12 during 2016 and $2 during 2015, and that fallon did not record any recoveries. required: determine the bad debt expense for 2016 based on the above facts. (enter your answer in millions.)
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Business, 22.06.2019 12:30
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer
Answers: 3
Business, 22.06.2019 18:50
Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)
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Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
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Business, 22.06.2019 19:50
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
The annual report for fallon holding corporation contained the following information: (in millions)...
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