Leroy Corporation is a $300 million business active in the production of widgets. Target weights of 20% debt and 80% equity in the capital structure have been achieved. The before-tax cost of debt for Leroy Corporation is estimated to equal the yield to maturity on its most recent issue of their bonds which is equal to 4%. Interest payments to be made on Leroy Corporation debt qualifies as a tax deductible expense while dividend payments made to common stockholders do not qualify for a corporate tax deduction. The marginal corporate tax rate for Leroy Corporation is estimated to equal 30%. At present, any flotation costs associated with any possible future sales of equity or debt capital are to be ignored in the cost of capital calculations. The risk free rate of interest is estimated to equal 3%. Beta for Leroy Corporation common stock is estimated to equal 1.2.

Required:
Estimate the market portfolio.

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?