Prior to the write off of a $1,200 customer account, Jeffrey Company had the following account balances. Accounts Receivable: $65,500 and Allowance For Doubtful Accounts: $2,400. The net realizable value of the Accounts Receivable before and after the write-off was: Select one: a. Before After $63,100 $61,900 b. Before After $63,100 $65,500 c. Before After $63,100 $63,100 d. Before After $63,100 $60,700

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be: