Dlscretionary financing accounts include all the following EXCEPT a) Long term debt B) Notes payable C) Accrued liabilities D) Common stock 30 Q31 The CFO of Twi ine Enterprises expects sales to increase from $8,000,000 in 2018 to $12,000,000 Current assets in 2018 are equal to $5,000,000. using the percent of sales method, r projected current assets for 2019 are equal to A) $5,500,000 B) $7,083,333 C) $9,000,000 D) $7,500,000 Q32 The first step involved in predicting financing needs is A) Forecasting the firm's sales and expenses over the planning period B) Estimating the levels of investment in current and fixed assets that are necessary to support the projected sales C) Determining the firm's financing needs throughout the planning period D) Estimating the cost of debt