Global Inc

question 159

Multiple Choice

Global Inc.had net income for 2015 of $24,000.It declared and paid a $13,000 cash dividend in 2015.If the company's retained earnings for the end of the year was $39,600, what was the company's retained earnings balance at the beginning of 2015?

• A)$28,600
• B)$50,600
• C)$76,600
• D)$2,600

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Definitions:

Individualistic Culture

A culture that emphasizes personal achievements and individual rights over collective goals and community well-being.

Organizational Metaphors

Conceptual frameworks that provide insight into the functioning of organizations by likening them to other entities or phenomena.

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its behavior.

Hindrance

An obstacle or barrier that impedes progress or achievement.