1.) Cross Corporation has Net Income of $4,095. Their retention ratio is 65%. How much will they payout in dividends this year?

$1,000

$1,433

$2,033

$2,662

$4,000

2.) For the Sales Forecast, almost all financial plans require an internally supplied sales forecast.

True or False?

3.) When evaluating financial planning steps, we must consider all of the following, except:

The planning horizon for the next 2 to 5 years.

The project horizon for the next 30 to 90 days.

How all small projects are added up for one big project.

Identifying the total need investment for the plan.

Sets of assumptions for various scenarios.

4.) The internal growth rate is where the external funds needed (EFN) is equal to 1, also where the required increase in assets is exactly equal to the addition to retained earnings.

True or False?