Please solve it ASAP with all requirements
WhatsApp PDF File C Get Homewo X Settings - All X M Re:[## 30769 x | c Image Resize X c Image Resize X New Tab + g E C File C:/Users/Haier/Downloads/Chp%206%20Quiz.pdf Update : = PDF File 1 / 2 100% + 10 : TRUE/FALSE. Write T if the statement is true and 'F' if the statement is false. 1) A forecast is an accurate estimate of future demand. 1) 2) 2) Lenders require pro forma statements because they want to make sure the business will generate enough profit to pay back both the principal and interest on the loan. 2 3) 3) Once we select a forecasting model, changing market conditions may require us to change the model if it no longer performs as desired. 1 4) 4) On a pro forma income statement, the value we enter for sales revenue is normally derived from our forecast 5) The pro forma cash budget projects future receipts and expenditures. 5) 6) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 6) A forecast is used to A) help plan for the purchase of equipment and machinery. B) help plan for the hiring of personnel. C) determine the physical size of the plant. D) determine future sales and revenue. E) all of the above. 2 7) 7) You have a current balance sheet with liabilities of $50,000 and assets of $75,000. You estimate that you will have to purchase a new vehicle next year for $20,000. You believe you will be able to pay 20% down and can finance the remainder through your bank. If nothing else changes, your pro forma balance sheet will show assets of and liabilities of A) $91,000; $66,000 B) $95,000; $70,000 C) $95,000; $66,000 D) $91,000; $54,000 Chapter 6 Exercise....pdf > Chp 6 Quiz.pdf resize-1648211426....jpg resize-1648210226....jpg resize-1648208634....jpg Show all PDF File M Re:[## 30769 x | c Image Resize X c Image Resize X New Tab + g WhatsApp C Get Homewo X Settings - All X + + c File C:/Users/Haier/Downloads/Chp%206%20Quiz.pdf Update : = PDF File 1 / 2 | 100% + 10 : 8) 8) XYZ Company has assets that are traditionally 85% of sales, and its liabilities traditionally are 50% of sales. Sales for this year are $50,000 and sales for next year are projected to be $150,000 with a profit margin of 10%. No owner payout will be taken. Using the percentage of sales method, XYZ will need of additional financing, A) $20,000 B) $52,500 C) $70,000 C$ D) $15,000 E) No financing is required. 7 1 9) 9) Which of the following is a variable expense? A) a phone bill C) a security deposit B) sales commission D) a utility bill 2 10) 10) Which of the following are reasons to generate a pro forma cash budget on a monthly basis? A) An income statement indicates a profit but the budget may indicate a loss. B) A business can monitor the actual cash on hand. C) Sales are recognized as income when the sale is made. Chapter 6 Exercise....pdf Chp 6 Quiz.pdf > resize-1648211426....jpg F resize-1648210226....jpg resize-1648208634...jpg Show all PDF File M Re:[## 30769 x | c Image Resize X c Image Resize X New Tab + g WhatsApp C Get Homewo X Settings - All X + + c File C:/Users/Haier/Downloads/Chp%206%20Quiz.pdf Update : = PDF File 1 / 2 100% + | [G] : Yere C) $70,000 D) $15,000 E) No financing is required. 9) 7 9) Which of the following is a variable expense? A) a phone bill C) a security deposit B) sales commission D) a utility bill 1 2 10) 10) Which of the following are reasons to generate a pro forma cash budget on a monthly basis? A) An income statement indicates a profit but the budget may indicate a loss. B) A business can monitor the actual cash on hand. C) Sales are recognized as income when the sale is made. D) All of the above. Chapter 6 Exercise....pdf > Chp 6 Quiz.pdf resize-1648211426...jpg resize-1648210226....jpg resize-1648208634....jpg Show all WhatsApp PDF File C Get Homewo X Settings - All X M Re:[## 30769 x | c Image Resize X c Image Resize X New Tab + g E C File C:/Users/Haier/Downloads/Chp%206%20Quiz.pdf Update : = PDF File 1 / 2 100% + 10 : TRUE/FALSE. Write T if the statement is true and 'F' if the statement is false. 1) A forecast is an accurate estimate of future demand. 1) 2) 2) Lenders require pro forma statements because they want to make sure the business will generate enough profit to pay back both the principal and interest on the loan. 2 3) 3) Once we select a forecasting model, changing market conditions may require us to change the model if it no longer performs as desired. 1 4) 4) On a pro forma income statement, the value we enter for sales revenue is normally derived from our forecast 5) The pro forma cash budget projects future receipts and expenditures. 5) 6) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 6) A forecast is used to A) help plan for the purchase of equipment and machinery. B) help plan for the hiring of personnel. C) determine the physical size of the plant. D) determine future sales and revenue. E) all of the above. 2 7) 7) You have a current balance sheet with liabilities of $50,000 and assets of $75,000. You estimate that you will have to purchase a new vehicle next year for $20,000. You believe you will be able to pay 20% down and can finance the remainder through your bank. If nothing else changes, your pro forma balance sheet will show assets of and liabilities of A) $91,000; $66,000 B) $95,000; $70,000 C) $95,000; $66,000 D) $91,000; $54,000 Chapter 6 Exercise....pdf > Chp 6 Quiz.pdf resize-1648211426....jpg resize-1648210226....jpg resize-1648208634....jpg Show all PDF File M Re:[## 30769 x | c Image Resize X c Image Resize X New Tab + g WhatsApp C Get Homewo X Settings - All X + + c File C:/Users/Haier/Downloads/Chp%206%20Quiz.pdf Update : = PDF File 1 / 2 | 100% + 10 : 8) 8) XYZ Company has assets that are traditionally 85% of sales, and its liabilities traditionally are 50% of sales. Sales for this year are $50,000 and sales for next year are projected to be $150,000 with a profit margin of 10%. No owner payout will be taken. Using the percentage of sales method, XYZ will need of additional financing, A) $20,000 B) $52,500 C) $70,000 C$ D) $15,000 E) No financing is required. 7 1 9) 9) Which of the following is a variable expense? A) a phone bill C) a security deposit B) sales commission D) a utility bill 2 10) 10) Which of the following are reasons to generate a pro forma cash budget on a monthly basis? A) An income statement indicates a profit but the budget may indicate a loss. B) A business can monitor the actual cash on hand. C) Sales are recognized as income when the sale is made. Chapter 6 Exercise....pdf Chp 6 Quiz.pdf > resize-1648211426....jpg F resize-1648210226....jpg resize-1648208634...jpg Show all PDF File M Re:[## 30769 x | c Image Resize X c Image Resize X New Tab + g WhatsApp C Get Homewo X Settings - All X + + c File C:/Users/Haier/Downloads/Chp%206%20Quiz.pdf Update : = PDF File 1 / 2 100% + | [G] : Yere C) $70,000 D) $15,000 E) No financing is required. 9) 7 9) Which of the following is a variable expense? A) a phone bill C) a security deposit B) sales commission D) a utility bill 1 2 10) 10) Which of the following are reasons to generate a pro forma cash budget on a monthly basis? A) An income statement indicates a profit but the budget may indicate a loss. B) A business can monitor the actual cash on hand. C) Sales are recognized as income when the sale is made. D) All of the above. Chapter 6 Exercise....pdf > Chp 6 Quiz.pdf resize-1648211426...jpg resize-1648210226....jpg resize-1648208634....jpg Show all
