Phil is working on a financial plan for the next three years. This time period is referred to as which one of the following?

1.	Phil is working on a financial plan for the next three years. This time period is referred to as which one of the following?    A.  financial range B.  planning horizon C.  planning agenda D.  short-run E.  current financing period

2.	Atlas Industries combines the smaller investment proposals from each operational unit into a single project for planning purposes. This process is referred to as which one of the following?    A.  conjoining B.  aggregation C.  conglomeration D.  appropriation E.  summation

3.

Which one of the following terms is applied to the financial planning method which uses the projected sales level as the basis for determining changes in balance sheet and income statement account values?    A.  percentage of sales method B.  sales dilution method C.  sales reconciliation method D.  common-size method E.  trend method

4.	Which one of the following terms is defined as dividends paid expressed as a percentage of net income?    A.  dividend retention ratio B.  dividend yield C.  dividend payout ratio D.  dividend portion E.  dividend section

5.

Which one of the following correctly defines the retention ratio?    A.  one plus the dividend payout ratio B.  addition to retained earnings divided by net income C.  addition to retained earnings divided by dividends paid D.  net income minus additions to retained earnings E.  net income minus cash dividends