The Percentage of Sales Approach to fiNancial Planning Requires

question 338

Multiple Choice

The percentage of sales approach to financial planning requires:

• A) All assets and liabilities change at the same rate as sales.
• B) The dividend policy remains unchanged from year to year.
• C) The firm is operating at full capacity.
• D) Separating accounts into those that vary with sales and those that do not.
• E) The firm's sales to increase each year.

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