For the past five years, Mookie Consulting Services reported the following annual net income and dividend amounts: YearNet IncomeDividends1$22,000 $2,000 2 17,000 2,000 3 9,000 1,000 4 14,000 3,000 5 25,000 4,000 If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of Year 1?
A. $13,000.
B. $7,000.
C. $1,000.
D. $25,000.
Answer: A
You might also like to view...
Successful implementation of a marketing plan is directly related to the structure of a business's marketing effort
Indicate whether the statement is true or false
Briefly explain McClelland's acquired needs theory. How should managers use this model to motivate employees? What do you think your levels are of the needs that McClelland identified, and why do you think that?
What will be an ideal response?
After Bart and Veronica were involved in an automobile accident, Bart retained Rhonda as an attorney to negotiate an out-of-court settlement. After a lengthy discussion with Veronica's insurance company, Rhonda settled the case for $5,000. However, Bart personally rejected the $5,000 offer. Veronica filed suit to enforce the settlement, claiming that Rhonda was authorized to accept the settlement on behalf of Bart. Discuss Rhonda's express, implied, and apparent authority.
What will be an ideal response?
Employees increasingly are expected to bear a share of the risks that businesses have solely born in the past.
Answer the following statement true (T) or false (F)