On January 1, 2019 Miller Corporation had retained earnings of $8,000,000. During 2019, Miller reported net income of $1,500,000, declared dividends of $500,000, and had revenues of for $10,000,000. What were Miller's retained earnings on December 31, 2019? A) $9,000,000 B) $9,500,000 C) $17,500,000 D) $7,500,000

Option (A) is correct.

Explanation:

Given that,

Beginning retained earnings = $8,000,000

Net income = $1,500,000

Dividend paid = $500,000

Revenues = $10,000,000

Ending retained earnings:  

= Beginning retained earnings + Net income - Dividend paid

= $8,000,000 + $1,500,000 - $500,000

= $9,000,000

Therefore, the Miller's retained earnings on December 31, 2019 is $9,000,000.

T is 5,2

Step-by-step explanation:

The change in x is from  1 to 7        6 units

The change in y is from 4 to 1       -3 units

A RATIO of 2:1 means the line is divided into three segments (2+1)

  We want two of those segments from endpoint D  

6 units* 2/3     added to the x value of 1 = x=5

-3 units * 2/3    added to the y value of 4 = y = 2

Hence, T is 5,2.