Givenchy and Christian Dior's Dune fragrance are two of the luxury perfume brands that are sometimes diverted from authorized channels for sale at mass-retail outlets. This practice is referred to as:

What must large Japanese corporations report for years ending after 2004 due to recent amendments to the Japanese commercial code?

A. Statement of changes in financial position B. Consolidated financial statements C. Retained earnings statement D. Cash flow statement

A services firm does all its business in cash only. The firm projects a cash balance of $2,000 in its account after all taxes and costs are paid. The owners plan to invest $5,000 and pay a dividend of $1000. How much net new financing is needed?

A) $4,000 B) $5,000 C) $6,000 D) $7,000