Suppose a company is experiencing the high-growth phase of the next four years, in which the company is not going to pay out any dividends, instead, it invests into new projects that offer return on investment of 20%. After four years, the company is expected to enter a constant growth phase in which the company grows at a lower rate in the future, based on the company's recenta nnual report, the expected return on investment of this company is 12% and the planned dividend payout ratio is 50% in the constant growth phase. Suppose the companyâs expected earnings are $2 per share in the next year, the discount rate for this stock is 15% based on its risk assessment, what should be the current stock price?

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?