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Romashka [77]
3 years ago
6

The Divirgil Company Net Income is $100. Given the following items:Purchase of debt securities (trading) $7Amortization of premi

um on bonds payable $4Purchase of treasury stock $5Decrease in dividends payable $2Increase in retained earnings $92Change in Cash for the year is:___________.a. $74b. $76c. $82d. $84e. $78
Business
1 answer:
Darya [45]3 years ago
3 0

Answer:

a. $74

Explanation:

The computation in the change in cash for the year is shown below:

Net income                  $100  

Less: Purchase of Debt Securities  -$7  

Less: Amortization of Premium on Bonds payable  -$4  

Less: Purchase of Treasury Stock      -$5  

Less: cash Dividends paid            -$10 {($100 - $92) + $2}

Change in Cash          $74  

Hence, the correct option is A. $74

We simply deduct all the items from the net income so that the change in cash could come

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_____ are people who combines the inputs of natural resources, labor, and capital to produce goods and services with the intenti
Vlad [161]

Answer:

Employer

Explanation:

7 0
1 year ago
Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased
Maksim231197 [3]

Answer:

Explanation:

pretax book income 1,003,000

warranties increased 25,600

depreciation exceeded tax depreciation 100,300

dividends received deduction -15,300

Net amount $1,113,600

Taxable amount is $1,113,600

In order to find income tax expense or benefit, multiply the taxable amount by tax rate.

7 0
3 years ago
Read 2 more answers
A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change
Ierofanga [76]

Answer:

b. −1.79 percent

Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

First, find Price of the bond if YTM = 5.5%. Since it is semi-annual, adjust the YTM  and total duration;

N = 13*2 = 26

I/Y = 5.5%/2 = 2.75%

PMT = (6%/2)*1000 = 30

FV = 1,000

CPT PV = $1046.01

Next, find Price of the bond if YTM = 5.7%.

N = 13*2 = 26

I/Y = 5.7%/2 = 2.85%

PMT = (6%/2)*1000 = 30

FV = 1,000

CPT PV = $1027.28

Percentage change =[ (New price- Old price)/Old price] *100

=\frac{1027.28-1046.01}{1046.01} *100\\ \\ = -0.017906 *100

= -1.79%

6 0
3 years ago
Game theory suggests that competing firms in an oligopolistic industry may be
alina1380 [7]

Game theory suggests that competing firms in an oligopolistic industry may be  reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases.

<h3>What is Game theory?</h3>

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing. Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

Here are the options:

. too quick to raise prices because they will fail to anticipate that rivals may gain market shares.

b. reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases

c. reluctant to change prices because they anticipate that rivals will ignore price cuts but match price increases

d. too quick to cut prices because they fail to anticipate that rivals may also cut their prices.

To learn more about game theory, please check: brainly.com/question/25746243

6 0
2 years ago
Read 2 more answers
Panda Cafe earned net income of $ 69 comma 000 after deducting depreciation of $ 3 comma 000 and all other expenses. Current ass
kompoz [17]

Answer:

Panda Cafe's cash provided by operating activities​ is 82.000

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. In this case ,  all of them are added to the net income.

Net income 69.000

Adjustment to reconcile the net income to cash  

+ Depreciation expense 3.000

+ Increase in current liabilities  8.000

+ Current assets decreased 2.000

 

Net cash 82.000

4 0
3 years ago
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