Volt CorpReported the Following Information for the Year Ended December 31,2017

question 167

Multiple Choice

Volt Corp.reported the following information for the year ended December 31,2017:
$\begin{array}{lr}\text { Revenues } & \$ 50,000 \\\text { Expenses } & 20,000 \\\text { Retained earnings at December 31,2016 } & 100,000 \\\text { Retained earnings at December 31,2017 } & 105,000\end{array}$ How much was paid out in dividends by Volt in 2017?

• A)$20,000
• B)$25,000
• C)$30,000
• D)$50,000

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Definitions:

CEOs

Chief Executive Officers, the highest-ranking individuals in a company or organization, responsible for making major corporate decisions.

Fortune1000 Companies

A list compiled and published by Fortune magazine ranking the 1000 largest US corporations by total revenue for their respective fiscal years.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Transformational

Referring to leadership or processes that create significant change in individuals, groups, or organizations through a vision and by empowering followers to transcend their own self-interests.