Which of the following best describes the term "retained earnings"?
a. The amount of total profits earned by a business since it began operations.
b. The amount of interest or claim that the owners have on the assets of the business.
c. The future economic resources of a business entity.
d. The cumulative profits earned by the business less any dividends distributed.
d
You might also like to view...
An answer is the defendant's written response to a plaintiff's complaint that is filed with the court and served on the plaintiff
Indicate whether the statement is true or false
Although teenagers use instant messaging (IM) frequently, corporations do not use this communication tool
Indicate whether the statement is true or false
When the poultry farmer runs his linear programming model, he discovers that his flock will consist entirely of Leghorn birds
. He studies his sensitivity report (copied below) and decides to write a constraint that requires two Cochin chickens to be selected. If the current optimal mix of breeds results in 160 eggs per week, which of the following statements is best? Cell Name Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease $B$1 Leghorn 32 0 5 1E+30 2.1875 $C$1 Cochin 0 -2 2 3 1E+30 $D$1 Buff Orpington 0 -3.5 4.5 3.5 1E+30 A) The new weekly egg output will be 169. B) The new weekly egg output will be 162. C) The new weekly egg output will be 158. D) The new weekly egg output will be 153.
Link negligently ran his car into John, causing $50,000 in injuries. Link was intoxicated at the time of the accident. Can Link discharge this debt in bankruptcy?
a. Yes, claims based on negligence are dischargeable. b. Yes, as long as he didn't intend to hit John's car. c. No, such claims are not dischargeable in bankruptcy. d. No, because Link breached a fiduciary duty.