Question (1) Which of the following are appropriate reasons to use projections? 1. To gain a common understanding of anticipated future performance 2. When the company is seasonal 3. When the financing is long-term 4. To gauge management's success by comparing projections with actual performance O1 and 2 O1, 2 and 3 O2, 3 and 4 O1, 2, 3 and 4