At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts:Account: Cash Accounts Accounts Common Retained receivable payable stock earnings Balance: 31,300 15,800 11,600 21,200 14,300The following events apply to Oak Consulting for Year 1:1. Provided $67,800 of services on account2. Incurred $3100 of operating expenses on account3. Collected $47,400 of accounts receivable.4. Paid $37700 cash for salaries expense.5. Paid $13,230 cash as a partial payment on accounts payable.6. Paid a $9,600 cash dividend to the stockholdersWhat is the amount of change in retained earnings for the year?

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.