The dividend payout ratio is defined as cash dividends divided by:

A) Sales.
B) Net income.
C) Total assets.
D) Retained earnings.
E) Total equity.

A firm can increase the size of the cash discount received by paying on the first day of the discount period rather than on the last day.

Two important functions fulfilled by mentors are career and

A) psychosocial.
B) parental.
C) administrative.
D) technical.
E) personal development.

What is a "gratuitous promise"?

Which of the following is correct regarding the SML?

A) The X-axis intercept of the SML represents the required return of a portfolio with a beta of 0, or the risk-free rate.
B) The Y-axis intercept of the SML represents the required return of a portfolio with a beta of 0, or the risk-free rate.
C) The X-axis intercept of the SML represents the required return of a portfolio with a beta of greater than 0, or the risk-free rate.
D) The X-axis intercept of the SML represents the required return of a portfolio with a beta of less than 0, or the 10-year Government of Canada bond yield.

Rocco is an outstanding engineering technician who at the same time is working on developing his human relations skills. He is correct in assuming that this combination of skills will help him go a long way in his career.