FIN 370 Course Great Wisdom / tutorialrank.com FIN 370 Course Great Wisdom / tutorialrank.com | Page 11

minimize total costs
Which of the following can create ethical dilemmas between
corporate managers and stockholders?
Auditors
Board of directors
Agency relationship
Venture Capitalist
A firm is expected to pay a dividend of $2.00 next year and $2.14 the
following year. Financial analysts believe the stock will be at their
target price of $75.00 in two years. Compute the value of this stock
with a required return of 10 percent.
$79.14
$65.40
$65.57
$66.67
Which financial statement shows the total revenues that a firm earns
and the total expenses the firm incurs to generate those revenues
over a specific period of time — generally one year?
Statement of cash flows
Statement of retained earnings
Balance sheet