1 . A proxy fight occurs when : the board of directors disagree on the members of the management team . 2 A stakeholder is any person or entity : 3 Which one of the following is least apt to help convince managers to work in the best interest of the stockholders ? threat of a proxy fight 4 . Financial managers primarily create firm value by : maximizing current sales . investing in assets that generate cash in excess of their cost . 5 First City Bank pays 7 percent simple interest on its savings account balances , whereas Second City Bank pays 7 percent interest compounded annually . If you made a $ 59,000 deposit in each bank , how much more money would you earn from your Second City Bank account at the end of 9 years ? ( Do not round intermediate calculations and 6 . What is the future value of $ 3,136 invested for 12 years at 6.50 percent compounded annually ? 7 . What is the present value of $ 12,750 to be received 3 years from today if the discount rate is 5.50 percent ? 8 . Six months ago , you purchased 1,200 shares of ABC stock for $ 21.20 a share and have received total dividend payments of $. 60 a share . Today , you sold all of your shares for $ 22.20 a share . What is your total dollar return on this investment ? 9 Six months ago , you purchased 100 shares of stock in ABC Co . at a price of $ 43.89 a share . ABC stock pays a quarterly dividend of $. 10 a share . Today , you sold all of your shares for $ 45.13 per share . What is the total amount of your capital gains on this investment ? 10 Which one of these accounts is classified as a current asset on the balance sheet ? 11 Shelton , Inc ., has sales of $ 395,000 , costs of $ 183,000 , depreciation expense of $ 48,000 , interest expense of $ 29,000 , and a tax rate of 40 percent . ( Do not round intermediate calculations .) What is the net income for the firm ? 12 . On a balance sheet , deferred taxes are classified as : 13 . Which one of these equations is an accurate expression of the balance sheet ? 14 . Galaxy United , Inc . 2009 Income Statement