Friday 8 June 2012

Which of the following statements about the percent

Which of the following statements about the percent-of-sales method of financial forecasting is true?
A. It involves estimating the level of an expense, asset, or liability for a future period as a percent of the forecast for sales revenues.
B. It is the least commonly used method of financial forecasting.
C. It is a much more precise method of financial forecasting than a cash budget would be. D. It projects all liabilities as a fixed percentage of sales.
 

No comments:

Post a Comment

Note: only a member of this blog may post a comment.