Which of the following best describes the term "retained earnings" of a company?
A) The amount of total profits earned by a company since it began operations.
B) The amount of claim that the owners have on the assets of the company.
C) The future economic resources of a company.
D) The accumulated net income of a company that has not been distributed to owners in the form of dividends.
D
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On May 31, the Cash account of Tesla had a normal balance of $5100. During May, the account was debited for a total of $12,300 and credited for a total of $11,600. What was the balance in the Cash account at the beginning of May?
A. A $4400 debit balance. B. A $0 balance. C. A $5800 credit balance. D. A $4400 credit balance. E. A $5800 debit balance.
The ________ is a federal statute, enacted in 1930, that prohibits price discrimination
A) Sherman Act B) Clayton Act C) Robinson-Patman Act D) Federal Trade Commission Act
Developed countries have the ________ infrastructure in terms of the communications, transportation, and distribution networks needed to conduct business effectively in these markets.
A. political B. economic C. demographic D. legal E. cultural
Which of the following is true regarding the concept of flexibility?
A) It is the ability to respond with little penalty in time, cost, or customer value. B) It may be accomplished with digitally controlled equipment. C) It may involve modular or movable equipment. D) All of the above are true. E) None of the above is true.