Credit losses based on credit sales lewis company uses the allowance method for recording its expected credit losses. it estimates credit losses at 5% of credit sales which were $900,000 during the year. on december 31, the accounts receivable balance was $150,000 and the allowance for doubtful accounts had a credit balance of $20,200 before adjustment. a. prepare the adjusting entry to record the credit losses for the year

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not