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Mr. Husker's Tuxedos, Corp. began the year 2011 with $205 million in retained earnings. The firm earned net income of $30 million in 2011 and paid $5 million to its preferred stockholders and $12 million to its common stockholders. What is the year-end 2011 balance in retained earnings for Mr. Husker's Tuxedos?
Performance Management
Is a continuous process of identifying, measuring, and developing the performance of individuals and teams, through genuine feedback, mentoring and training, and ensuring alignment of every single job in the organisation with the strategic goals of the organisation.
High Standards
The principles or criteria that must be met to achieve excellence or superior quality in a task, product, or behavior.
Stockholders
Individuals or entities that own shares in a corporation, giving them a stake in the company's performance and decisions.
Reputation for Quality
The perception held by customers and the wider public that a company consistently delivers products or services of high quality.
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