ring its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income Dividends 1 $ 2,000 $ 1,700 2 2,600 1,600 3 2,600 2,200 4 5,900 2,900 5 8,800 3,100 Calculate the balance of retained earnings at the end of each year. Note that retained earnings will always equal $0 at the beginning of year 1.

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.