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I need help answering the below 7 questions. Question 3 (1.43 points) Saved Why was the problem(s) with using the academic historical average of Kellogg's

I need help answering the below 7 questions.

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Question 3 (1.43 points) Saved Why was the problem(s) with using the academic historical average of Kellogg's SG&A/sales to project its future SG&A / sales ratio after 2014? Choose all that are correct. Management had stated that Kellogg's SG&A costs would go down, but had provided no credible justification There was no problem; the historical average worked fine, like it usually does when projecting financials Management has just introduced a major cost cutting program that reduced Kellogg's SG&A cost by about $300 million a year Question 4 (1.43 points) What is a key assumption that academic typically make when projections financials? Choose all that are correct. The future is not expected to be like the past The future is expected to be like the past Cash is always available to finance value added projects Question 5 (1.42 points) Industry and corporate financial analysts are not needed much because all one has to do is look at the historical trends and then use those trends to predict the future financials. True False Question 6 (1.43 points) Where can you find information that is likely to be credible to executives? Choose all that are correct. The 10-K, especially the Management Discussion & Analysis (MD&A) portion The firm's annual report Recent news announcements on the internet without a source Question 7 (1.43 points) A pandemic has been going on for months. There is huge uncertainty about your firm's supply chain, sales, costs, and capital requirements. Most professionals expect (choose all that are correct): That management must make estimates based on all they know. They should make no financial projections as change is happening so rapidly that projections are not worth the time they take to make. That to make the financial projections, the CFO is going to need to understand which costs are fixed and which are variable. Question 1 (1.43 points) Saved Are typical assumptions made in academic projections useful at times? When? Choose all that are correct. Yes, when the future is not expected to be like the past No, never Yes, when the future is expected to be like the past Question 2 (1.43 points) In which of the following situations is the past trend in operating margin likely to be credible for predicting the future operating margin? Choose all that are correct. The financials on a process improvement you are proposing? The financials on a radically new type of marketing campaign? Your firm? Last month a pandemic started in your state A new Walmart store located in a very similar neighborhood to the one in your area? The stores are identical in every respect and stock very similar items. The financials for a new debt collection service you are starting up

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