After earning $50 million in net income, monroe millwork distributed $15 million in dividends to its stockholders. Monroe’s board of directors decided to invest the remaining $35 million back into the business. This $35 million reinvestment of profits represents.

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01-12-2021
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After earning $50 million in net income, monroe millwork distributed $15 million in dividends to its stockholders. Monroe’s board of directors decided to invest the remaining $35 million back into the business. This $35 million reinvestment of profits represents.

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-12-08T04:00:41-05:00

Based on the information given, it can be deduced that the reinvestment of profit which is $35 million is known as the retained earnings.

Retained earnings simply refer to part of the cumulative profit that is earned by a company which is saved for future use.

Retained earnings are typically earned from the net income at the end of a particular period. In this case, the company had a net income of $50 million and distributed $15 million as a dividend.

Therefore, the remaining $35 million is the retained earnings.

Learn more about retained earnings on:

https://brainly.com/question/20051506

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