A firm with 25,000shares outstanding pays $3per share as dividends.What would be the impact of this entry?

Decrease Cash $75,000;Decrease Retained Earnings $75,000

Decrease Cash$75,000;Increase Retained Earnings $75,000

Decrease Cash$25,000;Decrease Retained Earnings $25,000

Decrease Cash$25,000;Increase Retained Earnings $25,000

Decrease Cash$75,000;Decrease Net Income $75,000

Thomas Technologies issued 10%bonds with a face amount of $80 million on January 1,2011.The bonds mature on December 31,2020(10years).Themarket rate is 12%.Interest is paid semi-annually on June 30 and December 31.What is the present value of the bonds on January 1, 2011.

$71,926,088

$88,526,412

$82,987,389

$29,944,378

$70,824,063

How much cash was received from customers during the year based on the following information?

Net Sales: $12,000

Ending Net Receivables: $3,000

Beginning Net Receivables: $2,000

$11,000

$12,000

$15,000

$13,000

$10,000