Drew invested in the SP500 on the 1st of January 2017, and sold on the 1st of January 2019. The SP500 pays out one annual dividend at the end of the year. Drew reinvested the interim cash-flows back into the SP500. Which of the following is the correct calculation of the annualized HPR for this investment? P and D refer to the year-end price and dividend of the SP500, respectively. Assume the opening price of year t + 1 is the same than closing price of year t.

The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?