Convertible preferred stock valerian corp. convertible preferred stock has a fixed conversion ratio of 5 common shares per 1 share of preferred stock. the preferred stock pays a dividend of $6.00 per share per year. the common stock currently sells for $40 per share and pays a dividend of $1.50 per share per year. a. on the basis of the conversion ratio and the price of the common shares, what is the current conversion value of each preferred share? b. if the preferred shares are selling at $203 each, should an investor convert the preferred shares to common shares? c. what factors might cause an investor not to convert from preferred to common stock?

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?