Sharon silver is an attorney in los angeles. silver uses the directâ write-off method to account for uncollectible receivables. at april 30 comma 2018â, silverâ's accounts receivable totaled $ 22 comma 000. during mayâ, she earned revenue of $ 25 comma 000 on account and collected $ 16 comma 000 on account. she also wrote off uncollectible receivables of $ 3 comma 250 on may 31â, 2018. read the requirements.

1.) use the direct write-off method to journalize silver's write-off of the uncollectible receivables.

2.) what is silver's balance of accounts receivable at may 31, 2018?

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine