Time Warner shares have a market capitalization of $ 70 billion. The company is expected to pay a dividend of $ 0.30 per share and each share trades for $ 30. The growth rate in dividends is expected to be 7% per year. Also, Time Warner has $ 10 billion of debt that trades with a yield to maturity of 8%. If the firm's tax rate is 40%, compute the WACC

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.