The Following Information Is Available for the Higgins Travel Agency

question 42

Multiple Choice

The following information is available for the Higgins Travel Agency.After closing entries are posted,what will be the balance in the Retained earnings account?

• A)$75,500.
• B)$184,500.
• C)$99,500.
• D)$160,500.
• E)$130,000.

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Definitions:

Expected Growth Rate

The annual rate at which an investment, company revenue, or economy is expected to grow over a future period.

Rate of Return

The achievement or shortfall in value of an investment during an established time, shown as a percentage of the investment’s original financial input.

Dividend

A portion of a company's earnings distributed to shareholders, typically in the form of cash or additional shares.

ROE

Return on Equity (ROE) is a financial ratio that measures a company's ability to generate profits from its shareholders' equity.