eeds to raise money to build a bridge. Designing the bridge and constructing it will require a long-term investment of funds. What source of financing would be representative of such a long-term funding requirement? Multiple Choice commercial paper issuance of bonds line of credit

eeds to raise money to build a bridge. Designing the bridge and constructing it will require a long-term investment of funds. What source of financing would be representative of such a long-term funding requirement? Multiple Choice commercial paper issuance of bonds line of credit

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 1CP

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Concept explainers

Retirement Income

Retirement income is the income received by the retiring person after retirement. Income can either be paid every month or paid annually. The retiree would get a guaranteed income until their death. Retirement income payment differs from person to person based on their investment type and payment method. Some are paid on a lump-sum basis and some are paid in a regular series with fixed payment or variable cash flow. Retirement income can be created from retirement savings, investment, salary, bonus, and wages from employment. Every working individual should plan their retirement income according to their income goals for the future. The plan should be made by identifying suitable income sources, estimating future expenses, applying a savings plan, and managing risk and assets. The most common age for retirement is between 60-65 years.

Question

River City needs to raise money to build a bridge. Designing the bridge and constructing it will require a long-term investment of funds. What source of financing would be representative of such a long-term funding requirement?

Multiple Choice

commercial paper
issuance of bonds
line of credit
factoring

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