Mirrlees furniture earned $750,000 last year and had a 30% payout ratio. how much did the firm add to its retained earnings?

It is $525,000.

Explanation:

If the payout ratio is 30% ,then retention rate will be 70%

Additional Retention = $750,000* 70%

                                   =$525,000

Additional amount retained can be used for future business expansion and can also be used to buy back shares provided there is no available  profitable investment project to invest in.

Here, the retention rate is very high which implies that the company has prospective investment to put the money into to generate additional returns.

Investors will therefore  settle for capital appreciation resulting from increase in share price as result of additional earnings from profit plouged back into the business.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.