You are considering a stock investment in one of two firms (NoEquity, Inc. and NoDebt, Inc.), both of which operate in the same industry and have identical operating income of $23.5 million. NoEquity, Inc. finances its $70 million in assets with $69 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Inc. finances its $70 million in assets with no debt and $70 million in equity. Both firms pay a tax rate of 30 percent on their taxable income.

Required:
Calculate the net income and return on assets for the two firms.

Answers

Answer 1

Answer:

Investment in NoEquity, Inc. and NoDebt, Inc.

                                   NoEquity, Inc.     NoDebt, Inc.

Net Income                $11.62 million      $16.45 million

Return on assets       16.6%                   23.5%

Explanation:

a) Data and Calculations:

                                    NoEquity, Inc.    NoDebt, Inc.

Investments:

Debt                            $69 million          $0

Equity                            $1 million           $70 million

Assets                         $70 million          $70 million

Operating income      $23.5 million      $23.5 million

Interest (10%)                  6.9 million           0

Income before tax     $16.6 million       $23.5 million

Tax expense (30%)      4.98 million          7.05 million

Net Income                $11.62 million      $16.45 million

Return on assets      $11.62/$70           $16.45/$70

                            =    0.166                    0.235

                            =    16.6%                   23.5%


Related Questions

with an example, explain why a substantive disagreement may never be resolved

Answers

A substantive disagreement can never be resolved because of the differing opinions of the people involved.

What is a substantive disagreement?It is a disagreement between two or more people.It is a disagreement between people with different opinions and points of view on the same subject.

If the people involved in the substantive disagreement are quite sure that their views are correct, that substantive disagreement can never be resolved, because none of the people involved will surrender to their opponents' point of view.

An example of this is two people arguing over whether the best pet is a cat or a dog, and each person wants to defend one of those animals.

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why does call of duty make so much games?????

Answers

Answer:

because they want money why else

s

t

u

p

i

d

Explanation:

1. What are the different kinds of savings
accounts?

Answers

Answer:

saving accounts are when you want to save money

common size statemnts are presented as percentages to promote comparisons between different size companies

Answers

This statement is True that common size statements are presented as percentages to promote comparisons between different size companies .

What are common size financial statements ?

Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company. However, any comparison could not be true if the organizations employ various accounting systems.

Total sales revenue is the usual metric used in the examination of an income statement of a typical size. The calculation of the common size percentages shows each line item as a percentage of the average amount or revenue.

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Complete Question - Common size statements are presented as percentages to promote comparisons between different size companies. This statement is True or False

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible Accounts of $640 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debt expense for the year should be:

Answers

Answer:

$870

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Allowance for uncollectible accounts at 5%

= 5% * $302,000

= $1,510

Since the Allowance for Uncollectible Accounts was $640 (credit) before any adjustments, the bad debt expense for the year

= $1,510 - $640

= $870

Equilibrium is reached when what occurs?
quantity supplied equals quantity demanded
there is no change in the quantity supplied
price increases
prices are inelastic

Answers

Equilibrium is reached when quantity supplied equals quantity demanded in a market. Therefore, the correct option is A.

Equilibrium means that the quantity of a product or service that producers are willing to supply matches the quantity that consumers are willing to buy at a given price. At equilibrium, there is a balance between supply and demand, and there is no inherent tendency for prices to change.

In an equilibrium state, the market clears, meaning that there are no excess supply or excess demand conditions. Producers are supplying exactly what consumers are demanding, and there is no pressure for prices to increase or decrease.

Thus, the ideal selection is option A.

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1.14 When the wages per worker in the metal-working industry increases, the supply curve of
steel will shift to the right.
[1] True
[2] False​

Answers

Answer:

false it will shift to the left

Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.

Answers

Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.

- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.

How to determine the whether anyone has an absolute advantage at either task and, for each task

To determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.

Let's analyze the tasks:

1. Clutch Replacement:

- Isabella takes 6 hours.

- Antonio takes 8 hours.

Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.

2. Brake Replacement:

- Isabella takes 4 hours.

- Antonio takes 6 hours.

Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.

Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.

Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.

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help ASAP TRUE OR FALSE QUESTION

help ASAP TRUE OR FALSE QUESTION

Answers

Answer:

true I think.

Explanation:

That answer is TRUE

Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these

Answers

Occupational hygiene focuses specifically on three types of exposures are:

chemical physical biological

What is Occupational hygiene?

Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.

chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.

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In risk management what does risk control include

Answers


Financial, operational, perimeter, and strategic risks.
Like costs, labor, and weather.

Manny gil is an enpernaur

Answers

very cool for you to inform us on that but whats the question there buddy

What is the purpose of professional communication?

Answers

Answer:

By mastering professional communication, the potential for misunderstandings occurring can be minimised. When you work in a team, you need to be able to regularly communicate with others. You need to listen to other people's ideas, whilst being able to clearly and effectively communicate your own.

Purposes:

The five purposes for communication are to inform, imagine, influence, meet social expectations and express feelings.

The purpose of professional communication is to convey information and ideas effectively and appropriately in a business or work setting, with the goal of achieving specific objectives and building positive relationships. It involves clear and concise expression, active listening, and the use of appropriate language and tone.

What is the professional communication?

Professional communication is the exchange of information and ideas in a business or work setting, typically between colleagues, clients, customers, or other stakeholders.

It involves using appropriate language, tone, and nonverbal cues to convey messages effectively and achieve specific goals, such as building relationships, solving problems, making decisions, or completing tasks.

Professional communication can take many forms, including oral presentations, written reports, emails, memos, video conferences, and more, and it is an essential skill for success in many careers and industries.

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Explain the positive and negative aspects of entrepreneurship. Draw evidence to support your claim from two other sources.

Answers

Answer:

Advantage #1: A flexible schedule – both in terms of when and where you work. ...

Advantage #3: It's exciting and fulfilling. ...

Advantage #4: The salary makes sense. ...

Disadvantage #1: You wear a lot of hats. ...

Disadvantage #2: You are always at work.

Explanation:

The positive (advantages) and negative aspects (disadvantages) of entrepreneurship are enumerated below:

Control: Entrepreneurship offers the entrepreneur a sense of being in charge and being the captain of the ship.  With freedom of control comes increased risk of business failure.

Responsibility:  The entrepreneur is responsible for her income for life sustenance.  There is no more reliance on a period paycheck.  The entrepreneur can decide to delight her customers or to scare them away.

Flexibility: The entrepreneur enjoys flexibility in work schedule.  She works at her own pace.  The downside is that your customers dictate when you work.  The workload may increase more than your capacity to handle. Thus, flexibility does not happen always until you have established the business properly.

Profit-making:  As the business makes profits, the entrepreneur is entitled to receive all.  When it makes losses, the entrepreneur similarly bears all.

Thus, there are numerous benefits in being an entrepreneur.  But there are also negative aspects of entrepreneurship.

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Describing Work Activities for Construction Carpenters
Click this link to view O'NET's Work Activities section for Construction Carpenters. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom
According to O'NET, what are
common work activities performed by Construction Carpenters? Check all that apply.
inspecting equipment, structures, or material
writing computer programs to perform calculations
using knowledge of historical events and their effects on cultures
performing general physical activities
getting information
speaking and writing in a foreign language

Answers

Answer:

1.inspecting equipment, structures, or material

4.performing general physical activities

5.getting information

Answer:

The answers are 1. , 4. , 5.

Explanation:

Below are some tasks performed in Architecture and Construction jobs. Select the tasks that sound interesting or enjoyable to you.

1 performing simple manual labor outdoors(wrong) operating heavy equipment like bulldozers or forklifts (wrong) fixing things that are broken4 performing specialized technical tasks like electrical wiring5 performing inspections to ensure that safety regulations are followed(wrong) creating drawings and plans(wrong) supervising other workers

Preparing statistical graphs is used in this step of market research

Answers

Statistical graphs are an effective way to visualize and analyze data collected during market research.

What is market research?

Market research is a systematic and organized effort to gather information about target markets or customers and to better understand the behaviors, needs, and preferences of a specific group of consumers. It is a form of data collection that involves quantifying and qualifying aspects of a market, such as size, competition, and potential for growth. It also involves understanding customer needs, wants, and perceptions as well as tracking customer satisfaction.

They can be used to identify patterns and trends in customer data, compare different customer segments, or provide a visual representation of survey results. Graphs can also be used to show correlations between different variables, such as the relationship between customer satisfaction and product features. Graphs are an essential tool for presenting quantitative data in a clear, concise, and easy-to-understand manner.

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Fargo Company's outstanding stock consists of 550 shares of noncumulative 5% preferred stock with a $10 par value and 4,000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.Year Dividend Declared
2015 $20,000
2016 $6,000
2017 $32,000The amount of dividends paid to preferred and common shareholders in 2015 is:
$200 preferred; $19,800 common.
$4,000 preferred; $16,000 common.
$17,000 preferred; $3,000 common.
$10,000 preferred; $10,000 common.
$20,000 preferred; $0 common.

Answers

The amount of dividends paid to preferred and common shareholders in 2015 is $10,000 preferred; $10,000 common.

The total dividend declared for the year was $20,000. Since the preferred stock is noncumulative, the company must pay dividends each year. The preferred stockholders would receive the full 5% dividend of $10,000 (550 x $10 x 5%). The remaining $10,000 would go to the common shareholders.

Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval.

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substance disposal and recycling are part of which supply chain business process?

Answers

Substance disposal and recycling are part of the reverse logistics business process in the supply chain.

Reverse logistics involves the movement of products or materials from their final destination back to their origin, for the purpose of disposal, recycling, or reuse. This process is critical in managing waste and reducing the environmental impact of supply chain activities. Disposal of substances involves the proper handling and disposal of hazardous materials, such as chemicals or batteries, that could pose a risk to human health or the environment. Recycling, on the other hand, involves the reuse of materials or components that can be recovered from products that have reached the end of their useful life. By implementing effective reverse logistics processes, companies can reduce waste and minimize their environmental impact. This can also help to reduce costs by recovering materials or components that can be reused or resold. Effective substance disposal and recycling practices require careful planning, coordination, and communication throughout the supply chain, from the point of production to the final destination of the product.

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the 3 hour per week that 100 million volunteers donate every year in the US is equal to how many full time worker
a. 1 million
b. 7.5 million
c. 100 million
d. 750 million

Answers

The equivalent number of full-time workers based on the 3 hours per week volunteered by 100 million volunteers in the US is approximately 144,230 full-time workers. Option C is the correct answer.

To calculate the equivalent number of full-time workers based on the 3 hours per week that 100 million volunteers donate every year in the US, we need to determine the total number of hours volunteered and divide it by the number of hours worked by a full-time worker in a year.

Let's assume a full-time worker works an average of 40 hours per week, and there are 52 weeks in a year.

Total hours volunteered per year:

3 hours per week * 100 million volunteers = 300 million hours

Total hours worked by a full-time worker per year:

40 hours per week * 52 weeks = 2,080 hours

Equivalent number of full-time workers:

300 million hours / 2,080 hours = approximately 144,230 full-time workers

Option C is the correct answer.

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The you attitude is a writing style that emphasize readers rather than writer

Answers

The "you view" examines and highlights the reader's viewpoints and interests. The writer is more likely to aid the reader in understanding material or complying with a request when the reader's interest or benefit is emphasized.

Using the terms you or your instead of we, our, I, and mine is a common, though not necessarily required, part of adopting the "you" view. Take a look at the following line, which puts more emphasis on the writer's and the organization's (we) requirements than the reader's.

Although the word "your" appears twice in the phrase, the first clause hints that the point of view is on the writer's requirement for the invoice in order to proceed with the payment. We view is the issue; the word "we" itself is not.

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Animal and Plant Cells Review

Answers

Answer:

i got my answer

Explanation:

So now that i got explanation cell C and B wall menas cytoplasm also which which animal does. u hope this helpd.

In January 2010, the U.S. Treasury issued a $1000 par, ten-year, inflation-indexed note with a coupon of 4%. On the date of issue, the consumer price index (CPI) was 200. By January 2020, the CPI had increased to 300. The principal payment that was made in January 2020 is closest to: Group of answer choices A) $1000 B) $1020 C) $1030 D) $1500

Answers

If In January 2010, the U.S. Treasury issued a $1000 par, ten-year, inflation-indexed note with a coupon of 4%.  The principal payment that was made in January 2020 is closest to:D. $1500.

How to find the principal payment?

Firsts step is to find the CPI appreciated

CPI appreciated = 300/200

CPI appreciated = 1.50

Now let find the principal payment

Principal payment = $1000 × 1.50

Principal payment  = $1500

Therefore the correct option is D.

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This case discusses the case of India and the potential impact of the new government's reforms on the future of India. The case discusses some of the factors that have prevented India from growing faster while also emphasizing the need for reforms. Answer the following questions:

1. What are some of the factors that show that India has lots of promise to shine among the emerging market economies?

2. What are some of the factors that are preventing India from achieving its full potential?

3. Why was China able to achieve such economic growth more easily than India?

4. What are some of the tough reforms that India has to go through in order to succeed?

Answers

Some of the factors that show that India has lots of promise to shine among the emerging market economies are;

India's substantial manufacturing growth, business-friendly reforms, infrastructure development, and political stability make the country the most notable developing market for investors to invest in.

What are some of the factors that are preventing India from achieving its full potential?

India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.

Why was China able to achieve such economic growth more easily than India?

While economic reforms may account for some of the differences, China outpaced India because:

(1) the economy was privatized sooner;

(2) prices were released sooner;

(3) the labor market underwent much deeper reforms; and

(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.

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your company will need a business plan in order to do what?
A. Increase revenue.
B. Identify an opportunity.
C. Pay taxes.
D. Get funding.

Answers

Answer: D. Get Funding

Explantion: You company will need a business plant in order to get funding because you'd need to present your investors with the future of your business and what it's there to do. I also happened to take the assessment and it was marked correctly.

I hope this helped!

Good luck <3

Your company will need a business plan in order to get funding. Hence, the correct answer is option D.

What is a business plan?

A business plan is a formal document that outlines a company's goals, strategies, and projected outcomes. One of the primary reasons for creating a business plan is to secure funding from investors or financial institutions. By presenting a well-written and comprehensive business plan, a company can demonstrate its viability and potential for success, which can increase its chances of obtaining the necessary funding to start or grow the business.

While a business plan can help a company increase revenue and identify opportunities, those outcomes are not the primary purpose of a business plan. Paying taxes is a legal requirement for all companies, but a business plan is not directly related to tax obligations.

Therefore, a company will need a business plan in order to get funding. Hence, the correct answer is option D.

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Accessibility tab summary: Financial information for JPL incorporated, is presented in cells A4 to C7. A statement for requirement 1 is presented in rows 9 to 14. A table for student presentation is presented in cells A15 to C17 and A19 to B20. A statement for requirement 2 is presented in row 22. A table for student presentation is presented in cells A23 to C24. A statement for requirement 3 is presented in row 26. A table for student presentation is presented in cells A27 to B28. A statement for requirement 4 is presented in row 30. A table for student presentation is presented in cells A31 to B35 and row 37. Given the following information complete a CVP analysis for JPL, Inc.: Unit sales 11,200
Selling price per unit $75
Variable expenses per unit $45
Fixed expenses $210,000
Required: Use the data to answer the following. (Use cells A4 to C7 from the given information to complete this question. All answers should be input and displayed as positive values.) 1. Compute the CM ratio and variable expense ratio. Selling price per unit Variable expenses per unit Contribution margin per unit CM ratio Variable expense ratio 2. Compute the break-even sales. Break-even in unit sales Break-even in dollar sales 3. Compute the margin of safety. Margin of safety in dollars Margin of safety percentage 4. Compute the degree of operating leverage. Sales Variable expenses Contribution margin Fixed expenses Net operating income Degree of operating leverage

Answers

A. JPL, Inc. needs to sell 7,000 units or generate $525,000 in sales to break even.

B. JPL, Inc. has a margin of safety of $211,200 or 32%.

C. JPL, Inc. has a degree of operating leverage of 2.67. This means that for every 1% change in sales, the net operating income will change by 2.67%.

How did we get these values?

Here are the explanations to the answers based on the information provided:

Compute the CM ratio and variable expense ratio.

First, we need to calculate the contribution margin per unit, which is the difference between the selling price per unit and the variable expenses per unit:

Contribution margin per unit = Selling price per unit - Variable expenses per unit

= $75 - $45

= $30

Now we can use the contribution margin per unit to compute the CM ratio and variable expense ratio:

CM ratio = (Contribution margin per unit ÷ Selling price per unit) x 100%

= ($30 ÷ $75) x 100%

= 40%

Variable expense ratio = (Variable expenses per unit ÷ Selling price per unit) x 100%

= ($45 ÷ $75) x 100%

= 60%

Compute the break-even sales.

The break-even point is the level of sales at which the company neither earns a profit nor incurs a loss. At this point, the total revenue is equal to the total cost, and the net operating income is zero. We can calculate the break-even point in units and dollars using the following formulas:

Break-even in unit sales = Fixed expenses ÷ Contribution margin per unit

= $210,000 ÷ $30

= 7,000 units

Break-even in dollar sales = Break-even in unit sales x Selling price per unit

= 7,000 units x $75

= $525,000

Therefore, JPL, Inc. needs to sell 7,000 units or generate $525,000 in sales to break even.

Compute the margin of safety.

The margin of safety is the difference between the actual sales and the break-even sales. It tells us how much sales can decline before the company starts incurring a loss. We can calculate the margin of safety in dollars and percentage using the following formulas:

Margin of safety in dollars = Actual sales - Break-even sales

= 11,200 units x $75 - $525,000

= $211,200

Margin of safety percentage = (Margin of safety in dollars ÷ Actual sales) x 100%

= ($211,200 ÷ (11,200 units x $75)) x 100%

= 32%

Therefore, JPL, Inc. has a margin of safety of $211,200 or 32%.

Compute the degree of operating leverage.

The degree of operating leverage (DOL) measures how sensitive the net operating income is to changes in sales. It is calculated as the ratio of the contribution margin to the net operating income. We can use the following formula to calculate the DOL:

DOL = Contribution margin ÷ Net operating income

To calculate the contribution margin and net operating income, we need to use the actual sales figure:

Sales = Unit sales x Selling price per unit

= 11,200 units x $75

= $840,000

Variable expenses = Variable expenses per unit x Unit sales

= $45 x 11,200 units

= $504,000

Contribution margin = Sales - Variable expenses

= $840,000 - $504,000

= $336,000

Net operating income = Contribution margin - Fixed expenses

= $336,000 - $210,000

= $126,000

Now we can calculate the DOL:

DOL = Contribution margin ÷ Net operating income

= $336,000 ÷ $126,000

= 2.67

Therefore, JPL, Inc. has a degree of operating leverage of 2.67. This means that for every 1% change in sales, the net operating income will change by 2.67%.

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Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.

A) Advantage of a sole proprietorship

B)Disadvantage of a sole proprietorship

Answers

Some of the advantages and disadvantages of sole proprietorship include:

Advantage  -  keep all the profits Disadvantage - personally liable for any debts

What are the advantages and disadvantages of sole proprietorship?

One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.

One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.

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Christina and Javier, a married couple filing a joint return, received a state income tax refund in 2021 for state taxes they overpaid in 2020. They were able to reduce their 2020 federal tax liability by itemizing and claiming a deduction for state and local income taxes paid that year. When Christina and Javier file their 2021 return, they may need to report all or part of the state tax refund they received in 2021 as:

Answers

Answer: Taxable additional income

Explanation: 1.As state tax overpaid in 2019 is used as deduction for reducing their fedaral tax liability that year.

Refund of such excess state tax paid is allowed in current year. This amounts to dual benefit to tax payer and hence such amount is added as Taxable Additional Income in current year return

Roles and responsibility of central management(business policy)

Answers

Answer:

The Four Functions of Management: What Managers Need to Know

Planning. One main role of a manager is creating a plan to meet company goals and objectives. ...

Organizing. ...

Leading. ...

Controlling. ...

How to Develop Key Management Skills. ...

Work to Develop Your Management Skills With an MBA.

The ethical dilemma in the Getaway Cruise Lines case can best be described as: The external auditors are being blocked by the client in attempting to verify accounting treatment of surplus electricity and water provided by the client to the local government The external auditors question the requirement to make facilitating payments to the local authorities The Director of International Accounting questions the requirement to provide surplus electricity and water to the local government The Director of International Accounting questions the requirement to provide surplus electricity and water and make facilitating payments to the local authorities

Answers

Answer:

The Getaway Cruise Lines

The ethical dilemma in the Getaway Cruise Lines case can best be described as:

The Director of International Accounting questions the requirement to provide surplus electricity and water and make facilitating payments to the local authorities

Explanation:

Kirsten as the Director of International Accounting faces an ethical dilemma or with the difficult choice of assuaging the demands of the Brazilian authorities or complying with her company's high ethical standards, including the issue of foreign bribes in the US.

For example, an ethical dilemma or moral judgement call is required when Kirsten is faced with the difficult choice of two courses of action, either of which entails transgressing a moral principle.

Company X paid Company Y $1.35 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $350,000, Accounts Receivable increased by $321,300, Inventory increased by $275,800, Property, Plant, and Equipment increased by $752,900, and Bonds Payable increased by $1 million. The net cash flow provided by financing activities is:________.
a) An inflow of $1.35 million.
b) An inflow of $752,900.
c) An outflow of $350,000.
d) An inflow of $1 million.

Answers

Answer:

d) An inflow of $1 million.

Explanation:

Cash flow provided by financing activities is:

Particular                                 Amount

Bonds payable increased     1,000,000

Net Cash flow                       $1,000,000

Bonds payable increased $1,000,000 is the only financing activity among all the given activities which increased flow of cash to the company by $1 million.

Other Questions
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