Question

$3$ pts

Which of the following statements about financial forecasting are correct? $($Select any$/$all that apply$)$

Financial forecasting is the process of attempting to estimate a firm's future financing requirements.

The key ingredient in a firm's financial planning is an accurate sales forecast.

The first step in forecasting a firm's financial performance is an accurate assessment of the firm's expenses.

The percent of sales method works well in forecasting capital assets, especially when those purchases are lumpy. $q,1$

Capital expenditures track very closely with increases and decreases in the sales forecast from one period to the next.