Gummi Inc. has 30,000 shares of common stock outstanding at a price of $30 a share. It also has 6,000 shares of preferred stock outstanding at a price of $60 a share. The firm has bonds outstanding with a total face value of $400,000. The bonds are currently quoted at 95% of its face value and pay interest semiannually. What is the capital structure weight of the firm's debt based on the market values

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.)