Tech Mortgage specializes on residential properties (first, second, and third trust deeds) and commercial trust deeds. Any funds not invested in mortgages are invested in the savings account. Loan Type Annual Rate of Return Annual Risk First Trust Deeds 7.75% 4% Second Trust Deeds 11.25% 6% Third Trust Deeds 14.25% 9% Commercial Trust Deeds 8.75% 3% Savings Account 4.45% 0% Tech Mortgage wishes to invest $68 million so that:. (1) Yearly return is maximized (2) At least $5 million is to be in savings account for emergencies (3) At least 80% of the money invested should be in residential properties (4) At least 60% of the money invested in residential properties should be in first trust deeds (5) The portfolio risk should not exceed 5% Use Linear Programming model to solve this problem.

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.