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A firm has projected sales of $328,000, costs of goods sold equal to 68% of sales, interest of $18,500, a tax rate of 35%, and a dividend payout ratio of 60%. What will be the addition to retained earnings?

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Which of the following is true about stockholders' equity?A) This section of the Balance Sheet will always equal total assets.B) This section of the Balance Sheet can only be increased if the company sells more stock to its stockholders.C) Corporations always must have at least two accounts in this section of the Balance Sheet: common stock and retained earnings.D) Retained earnings in stockholders equity is the one account on the Balance Sheet that the ending balance at the end of the period is zeroed out and does not carry over to the following period.

Which of the following statements is CORRECT?a. Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. businesses (in terms of number of businesses) are organized as corporations.b. Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate in one of these forms rather than as a corporation. However, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c. Due to legal considerations related to ownership transfers and limited liability, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatment.d. Large corporations are taxed more favorably than sole proprietorships.e. Corporate stockholders are exposed to unlimited liability.

List whether the following is assets, liabilities, stockholder's equity, revenues, or expenses.ADMINISTRATIVE EXPENSES

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