A business pays $500 cash for office supplies. Which of the following accounts is debited?

Using the constant growth dividend valuation model and assuming dividends will growth a

constant rate forever, the increase in the value of the stock each year should be equal to the A) dividend yield. B) required return on the stock, rcs. C) growth rate in dividends, g. D) dividend yield plus the capital gains yield.

Which term refers to a directive issued by the president that has the effect of a Congressional law?

A) presidential citation B) executive order C) executive mandate D) administrative directive