A Company Had a Beginning Balance in Retained Earnings of $400,000.It

question 245

Multiple Choice

A company had a beginning balance in retained earnings of $400,000.It had net income of $50,000 and paid out cash dividends of $55,000 in the current period.The ending balance in retained earnings equals:

• A)$505,000.
• B)$405,000.
• C)$395,000.
• D)$455,000.
• E)$350,000.

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Definitions:

Mean Squared Error

A measure of the average of the squares of the errors or deviations, that is, the difference between the estimator and what is estimated.

Tracking Signal

A statistical measure used in quality control and forecasting to detect bias in the forecast error over time.

Simple Moving Average

A mathematical method used in finance and economics to calculate the average of a selected range of prices or quantities over a specific period of time.

Exponential Smoothing

Exponential smoothing is a forecasting technique that applies decreasing weights to past observations, with more recent data given more significance.