1. dividends are paid out of profits, and:
a. dividend payments must be approved by the firm's board of directors.
b. dividends are guaranteed.
c. dividends are paid before a firm's taxes are paid.
d. dividends are usually paid twice a year. 2. which of the following statements is true about financial planning?
a. any kind of financial expert (such as a stockbroker, lawyer, or accountant) can you develop a comprehensive financial plan.
b. once you have painstakingly developed a financial plan, it is not wise to change it.
c. once you have made a decision to buy an investment, there is no need for continued evaluation.
d. you must always consider the tax consequences of selling your investments.

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

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Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)