The first step involved in predicting financing needs is A) ...

[soccerdreamer_17]

The first step involved in predicting financing needs is
 
  A) forecasting the firm's sales revenues and expenses over the planning period.
  B) determining the firm's financing needs throughout the planning period.
  C) estimating the levels of investment in current and fixed assets that are necessary to support
  the projected sales.
  D) estimating the cost of debt.

Question 2

In perfect capital markets there
 
  A) are no income taxes.
  B) are no flotation costs.
  C) is no informational content assigned to a particular dividend policy.
  D) all of the above

[dreamfighter72]

Answer to Question 1

A

Answer to Question 2

D