The most recent financial statements for live co. are shown here: income statement balance sheet sales $14,000 current assets $30,188 debt $29,753 costs 8,400 fixed assets 21,125 equity 21,560 taxable income $5,600 total $51,313 total $51,313 taxes (35%) 1,960 net income $3,640 assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 16 percent dividend payout ratio. no external equity financing is possible. required: what is the sustainable growth rate?

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?