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

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