Grass Gadgets Had Sales of $30 Million and Net Profit

question 1

Multiple Choice

Grass Gadgets had sales of $30 million and net profit of $2 million in 2012.Grass paid a dividend of $1.5 million.Assuming that their beginning balance for retained earnings was $3 million, calculate their ending balance for retained earnings.

• A)$2.5 million
• B)$3 million
• C)$3.5 million
• D)$4 million

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Definitions:

Internalizing Messages

The process by which individuals accept and incorporate the ideologies, values, or attitudes presented to them by external sources.

Instructing Messages

Instructions communicated through various mediums intended to guide or direct behaviors or actions.

Adjusting Messages

The process of modifying communication to better fit the audience, context, or feedback received, enhancing understanding and effectiveness.

Lectern

A stand or a small platform used to support reading notes or books, typically used by a speaker in a public speaking event.