The dayton corporation began the current year with a retained earnings balance of $32,000. during the year, the company corrected an error made in the prior year, which was a failure to record depreciation expense of $3,000 on equipment. also, during the current year, the company earned net income of $12,000 and declared cash dividends of $7,000. compute the year-end retained earnings balance.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.