An entity has a tax rate of 35% and a capital structure consisting of 40% noncurrent debt, 20% preferred stock, and 40% common equity. The before-tax cost of capital for these components are 8%, 13%, and 17%, respectively. What is the entity’s weighted-average cost of capital?

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)