Addition to Retained Earnings: Hilton Corp

question 69

Multiple Choice

Addition to retained earnings: Hilton Corp. has revenues of $1,214,800 and costs of $816,355, and pays a tax rate of 32 percent. If the firm pays out 50 percent of its earnings as dividends every year, what is the amount of retained earnings?

• A) $135,471.30
• B) $270,942.60
• C) $413,032.00
• D) None of the above.

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The highest-ranking executive in a company, responsible for major corporate decisions, overall operations, and resource management.

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A corporate officer responsible for overseeing and managing the financial reporting, accounting, and auditing of a company.

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An officer of a company or organization responsible for overseeing the management and regulation of its financial affairs.

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The rules and regulations established by a corporation or other organization that govern its operations and management.