New Hampshire Services reported $2.3 million of retained earnings in 2004. In 2005, the company lost $500,000 (net income = -$500,000). Despite the loss, the company still paid a $1.00 per share dividend. The company’s earnings per share in 2005 were -$2.50. How much retained earnings did the company have in 2005?

Arefrigeration system at your company uses temperature sensors fixed to read celsius (°c) values, but the system operators in your control room understand only the fahrenheit scale. you have been asked to make a fahrenheit (°f) label for the high temperature alarm, which is set to ring whenever the system temperature rises above –10°c. what fahrenheit value should you write on the label?