Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of the firm. Which term applies to this granting of authority?

Flowers, Inc had beginning retained earnings of $125,000 on January 1, 2017

During the year, Flowers declared and paid $40,000 of cash dividends and earned $55,000 of net income. Prepare a statement of retained earnings for Flowers, Inc for the year ending December 31, 2017. What will be an ideal response

The division of authority and responsibility in a major retail organization by product categories and geographic areas illustrates a(n) _____

a. centralized structure b. decentralized structure c. professional manager system d. owner-manager system