Which of the Following Best Defines Retained Earnings

question 185

Multiple Choice

Which of the following best defines retained earnings?

• A)They are the amounts paid out as dividends.
• B)They are the amount of revenues a corporation receives for the sale of its products, minus its costs of production, as measured by its accountants.
• C)They are interest paid to creditors.
• D)They are profits not paid out to shareholders.

Understand the basic functionalities of Microsoft Excel for statistical analysis.

Comprehend the importance of the measurement scales and their impact on data analysis.

Acknowledge the variations in data and their implications in statistical thinking.

Learn the fundamental principles underlying statistical methodology.

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Definitions:

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Producer Surplus

The gap between the price producers are ready to take for offering a product or service and the actual payment they receive.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit consumers receive.

Producer Surplus

The difference between what producers are willing and able to supply a good for and the price they actually receive, measuring the benefit to producers.