Assignment Answers 1) A 2) A and C 3) A 4) D 5) C 6) E 7) D 8) E 9) D 10) D 11) C 12) F 13) A 14) c 15) E 16) B 17) B 18)C Assignment 4 Budgeting for program managers Ans 1. Addition to the retained earnings = Net Income for the year-Divi ded pa id = $187,500-$60,000= $127,500 2. The retained earnings for the end of the last fiscal year were $348,400. 3. All owance for Bad Debt is =Allowance for bad debt/ Account receivables = $1600 /$320,000=0.05