Taccounts
cash
bal. 8,000 3/3 2,300
3/25 7,725 3/27 1,275
3/28 4,500 3/29 3,375
3/30 8,125 3/31 1,900
accounts receivable
bal. 1,950
3/18 9,950 3/30 8,125
supplies
bal. 225
3/7 1,450
office equipment
3/2 18,500
accounts payable
3/27 1,275 bal. 1,250
3/7 1,450
notes payable
3/2 18,500
common stock
bal. 7,500
3/28 4,500
retained earnings
bal. 1,425
dividends
3/31 1,900
fees earned
3/18 9,950
3/25 7,725
rent expense
3/3 2,300
wages expense
3/29 3,375
required:
transactions
descriptions of the transactions for the month of march are provided in the following table. each of the transactions that follow has been posted to the t accounts. referring to the t accounts, select the date on which each transaction occurred, enter the amount of the transaction, and select the account to debit and credit.

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above