At least once every three years, companies must take a nonbinding shareholder vote on the compensation of the five highest-paid executives. This is referred to as
A)?clawback pay action
B)?voting out the directors.
C)?activist investing.
D)?say-on-pay.
D
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Geraldine was injured in a car accident, and the insurance company has offered her the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave her as well off financially as with the annuity?
A. $225,367 B. $237,229 C. $249,090 D. $261,545 E. $274,622
The statement of cash flows reports cash flows from the activities of:
A. Using, investing, and financing. B. Operating, purchasing, and investing. C. Operating, investing, and financing. D. Borrowing, paying, and investing.
Cash flows from investing activities include:
A. cash dividends paid. B. paying principal to lenders. C. sale of land. D. changes in Accounts Receivable.
Mary owns 100 percent of a gift shop with an equity value of $150,000. If she keeps the shop open 5 days a week, EBIT is $75,000. If the shop remains open 6 days a week, EBIT increases to $92,000 annually. Mary needs an additional $50,000 which she can raise today by either selling stock or issuing debt at an interest rate of 7 percent. The principal amount would be repaid at the end of the fifth year. Ignore taxes. What will be the cash flow for this year to Mary if she issues debt, remains open 6 days a week, and distributes all the residual cash flow to the shareholders?
A) $46,125 B) $88,500 C) $65,000 D) $71,500 E) $81,500