During 2019, Beta Ltd Incurred Expenses of $30 000 and Earned

question 18

Multiple Choice

During 2019, Beta Ltd incurred expenses of $30 000 and earned a net profit of $5 000. Retained profits at 1 January 2019 stood at $7 000 and dividends declared and paid totalled $3 000. What was the balance of Beta Ltd's retained profits at 31 December 2019?

• A) $3 000
• B) $5 000
• C) $9 000
• D) $15 000

Recognize the structure and purpose of different report sections.

Appreciate the necessity for clarity and logic in report writing for clear communication.

Understand how to set the tone and increase formality in business reports.

Recognize the significance of packaging proposals attractively to enhance readability and perceived quality.

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Definitions:

Minimal Communication

A communication approach that involves the least amount of information necessary to convey an idea effectively.

Ultimate Responsibility

The highest level of accountability for the outcomes of decisions and actions within an organization or project.

Departmentalization Scheme

The method an organization uses to segment its operations into specialized units or departments based on function, product, geography, or process.