From inception of operations to December 31, 2020, Metlock Corporation provided for uncollectible accounts receivable under the allowance method. The provisions are recorded, based on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no year-end adjustments to the allowance account were made. Metlock’s usual credit terms are net 30 days.

The balance in Allowance for Doubtful Accounts was $114,400 (Cr.) at January 1, 2020. During 2020, credit sales totaled $7,920,000, the provision for doubtful accounts was determined to be $158,400, $79,200 of bad debts were written off, and recoveries of accounts previously written off amounted to $13,200. Metlock installed a computer system in November 2020, and an aging of accounts receivable was prepared for the first time as of December 31, 2020. A summary of the aging is as follows.

Based on the review of collectibility of the account balances in the “prior to 1/1/20” aging category, additional receivables totaling $52,800 were written off as of December 31, 2020. The 80% uncollectible estimate applies to the remaining $79,200 in the category. Effective with the year ended December 31, 2020, Metlock adopted a different method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable.

Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2020. Show supporting computations in good form. (Hint: In computing the 12/31/20 allowance, subtract the $52,800 write-off.)

A m = 4.0 mg insect has acquired a charge of q = -5.5 nC by flying close to a developing thunderhead. The insect

Do you agree with Canon’s decision to allow the two acquired companies to continue to operate independently? What are the pros and cons?

One treatment for acquired myasthenia gravis is acetylcholinesterase inhibitors. Where do acetylcholinesterase inhibitors have their activity in the neuromuscular junction?

identify the Failed mergers between

Bank of America acquired Merrill Lynch?

why these Alliances are Successful

Ford / Eddie Bauer?

In the United States, males between the ages of 40 and 49 eat on average 105.1 g of fat every day with a standard deviation of 4.5 g ("What we eat," 2012). Assume that the amount of fat a person eats is normally distributed.

(a) State the random variable.

(b) Find the probability that a man age 40-49 in the U.S. eats more than 110 g of fat every day.

(c) Find the probability that a man age 40-49 in the U.S. eats less than 93 g of fat every day.

(d) Find the probability that a man age 40-49 in the U.S. eats between 65 g and 100 g of fat every day.

(e) If you found a man age 40-49 in the U.S. who says he eats less than 65 g of fat every day, would you believe him? Why or why not?

(f) What daily fat level do 95% of all men age 40-49 in the U.S. eat less than?

In the United States, males between the ages of 40 and 49 eat on average 105.1 g of fat every day with a standard deviation of 4.5 g ("What we eat," 2012). Assume that the amount of fat a person eats is normally distributed. (a) State the random variable. (b) Find the probability that a man age 40-49 in the U.S. eats more than 110 g of fat every day. (c) Find the probability that a man age 40-49 in the U.S. eats less than 93 g of fat every day. (d) Find the probability that a man age 40-49 in the U.S. eats between 65 g and 100 g of fat every day. (e) If you found a man age 40-49 in the U.S. who says he eats less than 65 g of fat every day, would you believe him? Why or why not? (f) What daily fat level do 95% of all men age 40-49 in the U.S. eat less than?

In the United States, males between the ages of 40 and 49 eat on average 105.1 g of fat every day with a standard deviation of 4.5 g ("What we eat," 2012). Assume that the amount of fat a person eats is normally distributed. (a) State the random variable. (b) Find the probability that a man age 40-49 in the U.S. eats more than 110 g of fat every day. (c) Find the probability that a man age 40-49 in the U.S. eats less than 93 g of fat every day. (d) Find the probability that a man age 40-49 in the U.S. eats between 65 g and 100 g of fat every day. (e) If you found a man age 40-49 in the U.S. who says he eats less than 65 g of fat every day, would you believe him? Why or why not? (f) What daily fat level do 95% of all men age 40-49 in the U.S. eat less than?

In the market for foreign currency exchange, the amount of U.S. net capital outflow desired at each real interest rate represents the quantity of U.S. dollars supplied for the purpose of buying foreign assets.

Select one:

True

False

Tony, a U.S. citizen, wants to use his U.S currency to purchase bonds from a German corporation. As a result, Tony is a supplier of U.S. dollars in the foreign currency exchange market.

Select one:

True

False

Question text

Suppose the imposition of a trade policy did not alter the interest rate or level of NCO. If an import quota was imposed, then the demand curve for the domestic currency would shift to the right and the real exchange rate would increase.

Select one:

True

False

Question text

When Mexico suffered from capital flight in 1994, Mexico's real interest rate fell and the Mexican peso appreciated.

Select one:

True

False

Question text

In the open-economy macroeconomic model, the market for loanable funds equates national saving with the sum of net capital outflow and net exports.

Select one:

True

False