What Does Today’s Consumer Sentiment Index Mean For Demand And Supply? Check out this month’s Consumer Sentiment Index from the Federal Reserve Bank of St. Louis (http://www. sca. isr. umich. edu/). This monthly survey measures consumers’ sentiment regarding the current economy and their expectations for the immediate future. How much did the Index of consumer sentiment change compared to last month? How much did consumer expectations change compared to last month? Does this affect demand or supply? Would this result in a shift in demand or supply? Or a change in quantity demanded or supplied? Which direction would it move (up or down, left or right?)

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)