Mobile Power Corp reported the following information for the year ended December 31, 2016. Revenue $ 40,000 Expenses 23,000 Dividends 10,000 Retained earnings at December 31, 2016 175,000 What was the retained earnings balance for Mobile Power at December 31, 2015?

a. $ 165,000
b. $ 168,000
c. $ 182,000
d. $ 192,000


b

Business

You might also like to view...

Carlton has developed a new cell phone that projects onto a surface instead of having a screen; this permits the user to attach it to a stand or lean it on one surface and use the surface it projects onto for the screen. By eliminating the screen, it can be made watch-size and worn on the wrist, as a pendant on a necklace, attached to a set of keys, or carried comfortably in one's pocket. Because he is certain the demand for the product will be high, he is setting the highest possible price for the new product. What pricing strategy is he using?

A. Price skimming B. Penetration pricing C. Differential pricing D. Negotiated pricing

Business

An operations strategy in which a distribution company performs a variety of services on behalf of another company is identified by what term by Thomas Friedman?

A) Outsourcing B) Offshoring C) Insourcing D) In-forming E) Open-sourcing

Business

Suppose you held a well-diversified portfolio with a very large number of securities, and that the single index model holds. If the ? of your portfolio was 0.24 and ?M was 0.18, the ? of the portfolio would be approximately

A. 0.64. B. 1.33. C. 1.25. D. 1.56.

Business

The confidence index is computed from ____________, and higher values are considered ____________ signals.

A. bond yields; bearish B. odd lot trades; bearish C. odd lot trades; bullish D. put/call ratios; bullish E. bond yields; bullish

Business