Question

A finance company earned certain amount of net profit in
a year. AGM of the finance
company
decided to distribute
30% dividend to each shareholder which is 12% of net
profit. Find the net profit of that year if there are 1,200
schares of denomination of Rs. 100.​

Answer 1

Answer:

Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders. A business generates earnings that can be positive (profits) or negative (losses).

Positive profits give a lot of room to the business owner(s) or the company management to utilize the surplus money earned. Often this profit is paid out to shareholders, but it can also be re-invested back into the company for growth purposes. The money not paid to shareholders counts as retained earnings

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