Allen's roofing posts $5,000 in net income and $200 in dividends for the year. how does this affect the retained earnings on the balance sheet? select only one retained earnings increases by $4,800 retained earnings increases by $5,000 retained earnings increases by $5,200 retained earnings decreases by $4,800 retained earnings decreases by $5,000

"Retained earnings increases by $4,800"

Step-by-step explanation:

Retained Earnings are the amount of money left over for a business after it has paid its dividends from its net income.

Simply put:

Retained Earnings = Income - Dividends

Here, it is given:

Income = 5000

Dividends = 200

Hence,

Retained Earnings = 5000 - 200 = $4800

24

step-by-step explanation:

the graph shows 30% of students walk. 80 students were questioned, so the number that said they walk is

30% × 80 = 0.30 × 80 = 24

26 is 33.33% of 78

step-by-step explanation:

26 is what percent of 78?

26 is p% of 78

equation: y = p% * x

solving our equation for p

p% = y/x

p% = 26/78

p = 0.3333

convert decimal to percent:

p% = 0.3333 * 100 = 33.33%