Briefly explain how to forecast financial statements using the percent of sales approach. Be sure to explain
Question:
Briefly explain how to forecast financial statements using the percent of sales approach. Be sure to explain how to forecast interest expenses.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Project sales based on forecasted growth rate in sales forecast some items as a percent of the forec...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
Question Posted:
Students also viewed these Finance questions
-
Briefly explain how to forecast financial statements. Be sure to explain how to forecast interest expenses. Betty Simmons, the new financial manager of Southeast Chemicals (SFC), a Georgia producer...
-
Briefly explain how to prepare a stem-and-leaf display for a data set. You may use an example to illustrate.
-
Briefly explain how to prepare a dotplot for a data set. You may use an example to illustrate.
-
Identify each of the equations as representing either a circle, a parabola, an ellipse, a hyperbola, or none of these. (x + 1) 2 + (y + 1) 2 = 2(x + y + 1)
-
Visit cool hunters (www.thecoolhunter.net) and identify examples that would provide marketers insights regarding social trends?
-
Kildare Medical Center, a for-profit hospital, has three investment opportunities: (1) adding a wing for in-patient treatment of substance abuse, (2) adding a pathology laboratory, and (3) expanding...
-
The law of ____________ states that behavior followed by a positive consequence is likely to be repeated, whereas behavior followed by an undesirable consequence is not likely to be repeated. (a)...
-
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash Received from: Customers ........ $660,000 Interest on note receivables .. 12,000...
-
3. Suppose the expected tensile strength of type-A steel is 105 ksi and the standard deviation of tensile strength is 8 ksi. For type-B steel, suppose the expected tensile strength and standard...
-
Charlene has single coverage in a qualifying high-deductible health insurance plan. She is 47 years old and wishes to contribute the maximum amount to her HSA. How much is she allowed to contribute...
-
How would changes in these items affect the AFN? (1) sales increase, (2) the dividend payout ratio increases, (3) the profit margin increases, (4) the capital intensity ratio increases, and (5) SEC...
-
Now estimate the 2005 financial requirements using the percent of sales approach. Assume (1) that each type of asset, as well as payables, accruals, and fixed and variable costs, will be the same...
-
What two comparisons can be made using the component percentage for departmental margin to determine if a department is performing satisfactorily?
-
A group of divers is exploring an old sunken ship. Suppose the null hypothesis, H0, is: the sunken ship does not contain buried treasure. State the Type I and Type II errors in complete sentences.
-
What is the purpose of diluted EPS?
-
When are the costs of enhanced pension entitlements associated with termination packages included in income?
-
Assume that a company has two classes of shares that both have voting rights and are entitled to the proceeds of net assets on dissolution. One class is entitled to receive 10 times the dividends of...
-
When are gains and losses related to pension plan settlements and curtailments recognized?
-
The following budgeted information is available for the Top Coat Clothing Company for January 2005. Selling and administrative expenses are paid in the month incurred and purchases are paid in the...
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
Consider the solution to the reaction diffusion equation with boundary conditions c(0) = 1 and c(L) = 0. Write a MATLAB program that uses centered finite differences to solve this equation for Da =...
-
Answer the following questions. (a) Use the conventional B/C ratio to evaluate the alternatives and make a recommendation. (b) Use the modified B/C ratio to evaluate the alternatives and make a...
-
Each of the following 10 independent projects has a 10 years life and no salvage value . The projects have been proposed by the staff of the Ace Card Company. The MARR of Ace has been 12% for several...
-
At Miami Products, four project proposals (three with mutually exclusive alternatives) are being considered. All the alternatives have a 10-year useful life and no salvage value . (a) Use rate of...
-
Sandhill Company had the following transactions pertaining to debt investments. 2022 Jan. 1 Purchased 81,7 %, $1,000 Wildhorse Company bonds for $81.000 cash. Interest is payable annually on January...
-
Attempt in Progress Sunland Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $41.760 Service...
-
At the beginning of 2024, Taylor Corporation had the following stockholders' equity balances in its general ledger Common Stock, $10 Par Value Paid-In Capital in Excess of Par: Common $2,500,000...
Organizational Behavior Managing People And Organizations 8th Edition - ISBN: 0618611584 - Free Book
Study smarter with the SolutionInn App