Abank has three assets. it has $75 million invested in consumer loans with a three-year duration, $39 million invested in t-bonds with a 16-year duration, and $18 million in six-month maturity t-bills. what is the duration of the bank's asset portfolio in years?

a. 6.50 years
b. 7.38 years
c. 11.51 years
d. 3.95 years
e. 4.83 years

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)