The Accounts Receivable balance for Palm Corporation is $360,000 at January 31, 2022. Before calculating and recording January 2022 bad debt expense, the Allowance for Doubtful Accounts has a debit balance of $4,000. Net sales for the month are $1,400,000. An aging of accounts receivable results in a $26,000 estimate for the Allowance for Doubtful Accounts as of January 31, 2022. In the past several years, 2% of net sales have proven uncollectible. Required:
a. If Palm uses the percent of sales method, Bad Debt Expense on the January 2022 Income Statement will be:
b. If Palm uses the percent of sales method, the Allowance for Doubtful Accounts reflected on the January 31, 2022 Balance Sheet will be:

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.