Mr Husker's Tuxedos, Corp

question 31

Multiple Choice

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?

• A) $193,000,000
• B) $200,000,000
• C) $213,000,000
• D) $218,000,000

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Definitions:

Personal Benefits

Advantages or gains received personally, often in the context of employment or social welfare.

Selfish Motives

The driving force behind actions that prioritize personal gain over the welfare of others.

Personal Costs

Expenses borne directly by an individual, including out-of-pocket payments and the opportunity costs of alternative actions.

Economic Activity

All activities related to the creation, dissemination, and use of products and services in an economy.