1. The net income not paid out to common stockholders as dividends is accumulated as:
a- retained earnings
b- capital gains
c- accounts payable
d- paid-in capital.
2. All of the following represent cash outflows to the firm except:
a- Taxes
b- Depreciation
c- Interest payments
d- Dividends
3. For which of the following markets is a 10% price increase most likely to increase revenue?
a) business-to-business
b) commodity item
c) prestige item
d) price sensitive