Stear corp. bought a commercial vehicle for $30,000 in the month of june 2015. it pays 50% of its purchase price by check immediately. it signs an agreement with the dealer to pay the balance in the month of december 2015. how will you classify the transaction for purchase when it is recorded in the journal?

a.
simple journal entry
b.
compound journal entry
c.
complicated journal entry
d.
systematic journal entry

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

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?

Todd and jim learned that in building a business plan, it was important for them to: