1. There are four basic elements of a contract - Mutual Assent, Consideration, Capacity, and Legality. Why is Consideration important. How can it affect a contract ?.

2. A Treasury bond has a face value of $30,000 and a quoted price of 102.18. What is the bond's dollar price? 

3. Ramakrishnan, Inc., reported 2015 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Inc.’s 2015 and 2014 balance sheets is reproduced below (in millions of dollars). Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)