Addition to Retained Earnings: Tangent, Inc

question 82

Multiple Choice

Addition to retained earnings: Tangent, Inc., has revenues of $4,375,233 and costs of $2,467,321, and pays a tax rate of 34 percent. If the firm pays out 60 percent of its earnings as dividends every year, what is the amount of retained earnings?

• A) $171,254.18
• B) $755,533.15
• C) $503,688.77
• D) None of the above.

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Definitions:

Cultural Replication

The transmission and perpetuation of cultural beliefs, practices, and artifacts from one generation to another.

Industrialized Countries

Nations that are characterized by a significant level of industrial activity, advanced technological infrastructure, and higher living standards compared to developing countries.

Substage

A division or phase within a larger stage of development or process, often used in developmental psychology to describe steps in cognitive growth.

Sensorimotor Period

A stage in Piaget's theory of cognitive development, from birth to about 2 years, where infants learn through interacting with the environment.