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Musya8 [376]
3 years ago
15

Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,700 million on July 1, 2018, at a price of $1,

680 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2018, if it uses the indirect method
Business
1 answer:
Gnoma [55]3 years ago
6 0

Answer:

Agee Technology, Inc.

Amounts related to the bonds to report in statement of cash flows for the year ended December 31, 2018:

1. Receipts from Bonds Issue = $1,680 million

2. Payment of Interests on Bonds = -$153 million

Explanation:

a) The interests are based on based on 9% of $1,700 million, the bonds' face value.

b) The same amounts will be reported either using the direct method or the indirect method.  The indirect method adjusts the net income with non-cash expenses instead of using the direct inflows and outflows from operating activities.

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9) Napier Co. provided the following information on selected transactions during 2018: Purchase of land by issuing bonds $1,000,
4vir4ik [10]

Answer:

($1,100,000)

Explanation:

Given that

Loans made to affiliated corporations = $1,400,000

Proceeds from sale of Equipment = $300,000

The computation of net cash provided (used) by investing activities is here below:-

Net cash provided(used) by investing activities = (Loans made to affiliated corporations) - Proceeds from sale of Equipment

= ($1,400,000) - $300,000

= ($1,100,000)

So, for computing the cash provided(used) by investing activities we simply applied the above formula.

7 0
3 years ago
the cost of land improvements are capitalized separately from land because land improvements tend to have a useful life.
lisabon 2012 [21]

Land improvements are capitalized separately from Land because land improvements have only a limited useful life.

Land is a special fixed asset which means that:

  • It is purchased for long term use
  • It is not depreciated because it lasts forever

Land improvements on the other hand, will not last forever. They will eventually wear out and need to be replaced. They are therefore capitalized separately from land so that they can be depreciated if need be.

In conclusion, land improvements are capitalized separately from land because they have a limited useful life.

<em>Find out more at brainly.com/question/14436052.</em>

4 0
3 years ago
Every person I have ever met says their favorite pizza is pepperoni pizza. Therefore, I can assume that everyone I ever meet wil
oksano4ka [1.4K]

Answer:

Inductive reasoning

Explanation:

This type of reasoning is considering generalization that is formed and based on some previous experiences and with that previous experiences the observation that is made is forming an inductive reasoning.

In this case, the person met many of them who says that their favorite pizza is pepperoni and then every time that someone say that they love pizza, this person will think of pepperoni pizza because of the previous experiences that caused those observations.

4 0
3 years ago
The following chart represents the schedule of workers and wages for an ice cream shop. Considering that this is a perfect compe
Ronch [10]

Answer:

3 workers

Explanation:

At optimal point, wage = Price * Marginal Product of Labour (MPL)

When 3 workers are employed,

Since wage is given = 25

And price = 4

When 3 workers are hired, wage is close to price * MPL because wage = 25 and p*MPL = 24

                                OR

salary paid = $25*3 = $75

Revenue generated = 24*$4= $96

This combination provides the best profit margin which is 96 - 75 = $21.

4 0
3 years ago
Ed, a businessperson, is a friend of Fran, the owner of a Percolated Coffee &amp; Baked Goods store. Every day, Ed spends five m
ch4aika [34]

Answer:

An contract is an understanding agreement that can be implemented in court it is a shaped by two or more gatherings who consent to perform or to cease from playing out some demonstration now or later on . The target hypothesis of agreements not by the individual or subjective aim or conviction of a gathering .The hypothesis is that gathering's expectation to go into an agreement is judged by outward destinations truths as deciphered by a sensible individual ,as opposed to by the gathering's mystery subjective aims . the essential components of a substantial contract and the path in which an agreement is made. The agreements that fall under this circumstance would be the agreement of arrangement contract of development ,contract of execution and the agreement of enforceability. The main contract would be the agreement of arrangement .They are contracts that are grouped in light of how when an agreement of development .

In the event that Ed had constantly paid for all the earlier pieces of candy, there gives off an impression of being suggested in actuality contract taking into account the earlier course of dealings amongst Ed and Fran.

Waving the sweet treat at Fran can be seen as an affirmation that Ed was not surreptitiously taking the piece of candy, but rather was demonstrating that he would get her the cash for that one later. His questionable signal in light of the gatherings earlier course of managing could sensibly be translated by Fran as a nonverbal IOU at the cost of that 1 piece of candy.There can likewise be an inferred in law contract taking into account the same certainties since to not force a suggested in law guarantee to pay results in the uncalled for improvement of Ed at the expense of Fran.Either sort of inferred contract is enforceable in Court.

8 0
3 years ago
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