Which of the following services is LEAST likely to be unique, i.e., customized to a particular individual's needs?

The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed costs. Therefore, the use of the past cost and expense ratios generally tends to ________ profits when sales are increasing

A) accurately predict B) overstate C) understate D) have no effect on

Capital market segmentation is a financial market imperfection caused mainly by:

A) government constraints. B) institutional practices. C) investor perceptions. D) all of the above