A valuer is making a pro-forma income statement and balance sheet. The profit has been forecast in the income statement based on the percent- of-sales method. Now the valuer is thinking about how that profit should affect the balance sheet. Which balance sheet account is directly affected by profit? Select one: a. Contributed equity. O b. Retained earnings. O c. Reserves. d. Dividends. e. Buybacks. Which of the following traders is most likely to have given up trying to find mispriced stocks? Select one: a. Alice the accountant who reads annual reports. b. Bob the businessman who uses gut instincts. c. Charlie the chartist who traces channels to predict future prices based on past prices. d. Dave the diversifier who buys and holds the market index. e. Ellen the economist who forecasts GDP, unemployment, inflation, interest rates and exchange rates