An important study on executive compensation found that differences in CEO cash compensation is not very responsive to differences in firm performance even if a substantial percentage of the CEO's compensation came in the form of stock and stock

Which of the following is true of a (revolving) $10 million bank line of credit?

a) The borrower can draw down up to a maximum $10 million b) Subject to the borrower abiding by conditions (covenants), the bank must make the full line available to be borrowed. c) The stated interest rate is paid only on the amount actually drawn down; there may be a fee to be paid on the rest. d) The borrower may pay back some or all of the debt prior to the credit line's maturity. e) All of the above.

Retained Earnings represents ______ by the corporation.

a. cumulative cash earned b. cumulative cash retained c. cumulative cash distributed d. profits declared and distributed e. cumulative net income kept