Subtracting dividends from net income available to common shareholders is reflected as a change to which of the following balance sheet items?

• A.Paid-in capital
• B.Common stock at par value
• C.Retained earnings
• D.Treasury stock

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DGB Inc.'s CEO and founder retired shortly after the company went public two years ago. DGB Inc. has recently struggled, and the founder has agreed to return as an independent director. What violation, if any, has occurred?

• A.ERISA disclosure requirements have not been met.
• B.The cooling-off period has not been met.
• C.No violation has occurred.
• D.Section 404 of the Sarbanes-Oxley Act has been violated.

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Which of the following is an example of a typical passive investment strategy?

• A.Executing a securities swap
• B.Riding the yield curve
• C.Using a dividend capture program
• D.Investing in overnight repos

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A PRIMARY objective of the cash concentration function is to:

• A.eliminate service charges at outlying field banks.
• B.improve the predictability of cash outflow.
• C.minimize the number of disbursement banks required.
• D.move funds to where they can be used most productively.

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James Corp has a 7.98% WACC and an assumed tax rate of 30%. James Corp employed EUR70,000,000 of capital (long-term debt and equity) in a project that generated an operating profit of EUR9,500,000, after depreciation expense of EUR300,000. EVA in this case would be:

• A.EUR1,064,000.
• B.EUR764,000.
• C.EUR1,087,940.
• D.EUR1,274,000.

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