Retention ratio = (net income - dividends) / net income
retention ratio = (20,000 - 6000) / 20000 = 14,000/20,000 = 0.7 = 70%
Answer:

Step-by-step explanation:
To simplify polynomials, find the like terms which look and sound the same then combine the coefficients of each to simplify.

Step-by-step explanation:
An exponential function is represented by function,

Where a is the y intercept and b is the growth factor.
The graph passes through (0,1) which is our y intercept so a=1
Know let find b.
The graph pass through (1,3) so plug in 1 for x and 3 for y.


So our base function is

In order for this function to shrink, we must shift the y intercept such that it is less than 1 but greater than -1.
So the only option is

Because 1/2<1