FIN 370 Course Great Wisdom / tutorialrank.com FIN 370 Course Great Wisdom / tutorialrank.com | Page 33

After five years , Andy and Barb will both have earned the same amount of interest .

When utilizing the percentage of sales approach , managers :

Estimate company sales based on a desired level of net income and the current profit margin .

Consider only those assets that vary directly with sales . III . Consider the current production capacity level .

Can project both net income and net cash flows . III and IV only

I , III , and IV only

II and III only

II , III , and IV only

I and II only