Marcos Inc

question 103

Multiple Choice

Marcos Inc.had net income for 2016 of $40,000.It declared and paid a $3,500 cash dividend in 2016.If the company's retained earnings for the end of the year were $38,200, what was the company's retained earnings balance at the beginning of 2016?

• A) $81,700
• B) $74,700
• C) $5,300
• D) $1,700

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Definitions:

Peripheral Model

A theory in urban sociology suggesting that urban areas are composed of an inner city surrounded by large suburban residential and business areas tied together by a beltway or ring road.

Concentric Zones

A sociological model that divides cities into circular areas with varying social characteristics, originating from the work of Ernest Burgess.

Cities

Urban areas with high population density and infrastructure, serving as centres of politics, economics, culture, and social interactions.

Population Replacement Levels

The fertility rate at which a population exactly replaces itself from one generation to the next, without migration.