A) The sales forecast typically involves reviewing company sales for 1) the last year 2) the last 3 years 3) the last 5 to 10 years 4) the last 15 years

B) External financing comes from 1) bonds and notes payable 2) accounts payable, accruals, and retained earnings 3) the sale of common stock 4) both 1 and 3

C) The most important part of financial forecasting is 1) the asset forecast 2) the sales forecast 3) the liability forecast 4) all of the above are equally important

D) Which asset(s) does(do) not always increase in response to an increase in sales Question 14 options: 1) cash 2) accounts receivable and inventory 3) net plant and equipment 4) both 1 and 3

E) Spontaneously generated funds come from 1) bonds and notes payable 2) accounts payable, accruals, and retained earnings 3) the sale of common stock 4) both 1 and 3

F) Over estimating sales could result in 1) purchasing too much equipment and plant (factory) 2) too much inventory 3) high depreciation and storage that will not be offset by increased sales revenue 4) all of the above