The Walt Disney Company reported the following in its 2016 annual report (in millions): 2016 2015 2014 Net income $ 9,400 $ 8,400 $ 7,500 Net cash provided by operating activities 13,200 10,900 9,780 Purchase of parks, resorts, and equipment (4,800 ) (4,300 ) (3,300 ) Required: Based solely on the results reported above for the three years, did Walt Disney Company need external financing to purchase parks, resorts, and equipment during these years?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.