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Zarrin [17]
2 years ago
6

Norton Corporation received cash from issuing 10-year $200,000 bonds at face value. Interest of $10,000 is paid annually to the

bondholders on December 31. How do the issuance of the bonds and the payment of the interest affect Norton's financing activities section of the statement of cash flows for
Business
1 answer:
Jobisdone [24]2 years ago
5 0

Answer:

Issuance of bonds is a cash inflow

Payment of interest is a cash outflow

Explanation:

The issue of the bond at $200,000 face value would be a cash inflow under the financing activities of the cash flow when issued since more cash was received from the bondholders.

However,the payment of bond interest of $10,000 yearly is a cash outflow under the financing activities section of the statement of cash flows,since Norton Corporation would be parting with the amount on yearly basis till the bonds are retired.

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Answer:

Rivercity Coffee Shop

Chad cannot sue Jose.  The $10,000 is paid to Jose is a bribe.  Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal.  A bribe is illegal.  The basis for the contract is illegal.  Therefore, Chad cannot sue Jose.  Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation.  Jose cannot be held liable for non-performance.

6 0
3 years ago
Ross has decided that he wants to build enough retirement wealth that, if invested at 6 percent per year, will provide him with
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Answer:

Monthly savings= $3,584.42

Explanation:

Giving the following information:

Ross has decided that he wants to build enough retirement wealth that, if invested at 6 percent per year, will provide him with $4,600 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.

First, we need to find the final value.

FV= (4,600*12)*30= $1,656,000

Now, we can calculate the monthly deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

i= 0.06/12= 0.005

n= 20*12= 240

A= (1,656,000*0.005)/[(1.005^240)-1]= 8,280/ 2.31= $3,584.42

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2 years ago
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Answer:C. The price per stock declined from 2008 to 2009

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