Alpha Communications Inc., purchased equipment for $ 14 comma 000. Alpha Communications recorded total depreciation of $ 6 comma 000 on the equipment. Assume that Alpha Communications exchanged the old equipment for new equipment, paying $ 3 comma 500 cash. The fair market value of the new equipment is $ 10 comma 500. Journalize Alpha Communications' exchange of equipment. Assume this exchange has commercial substance.

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?

Sports leave thousands of college athletes with little time for their studies. this is an example of