Centex Energy has a beta of 1.45. Assume that the risk-free rate and the expected rate of return on the market are 2% and 12% respectively. According to the capital asset pricing model (CAPM), what is the expected rate of return for this company’s stock?

Performing consulting services on account in June 2012 would increase the company's assets and revenue, which would result in an equal increase in the accounting equation. Specifically, assets and revenue would increase, while liabilities and equity would remain unchanged. However, since collections for these services were not received until August 2012, there would be no change in accounts receivable or cash in June 2012. The impact on the accounting equation would therefore be an increase in assets and revenue, with no corresponding increase in liabilities or equity, resulting in a higher overall total for the accounting equation.