Sub-parts

(Percent of sales forecasting) Which of the following accounts would most likely vary directly with the level of a firm's sales? Discuss each briefly Yes Yes No Cash Marketable securities Accounts payable Notes payable Plant and equipment Inventories Is cash likely to vary directly with the level of a firm's sales? (Select the best choice below.) O A. No, cash receipts follow sales with a lag related to the payment habits of the firm's customers and the firm's policy regarding payments on its accounts payable O B. Yes, cash receipts vary directly with sales and have a relation to the firm's customers payment habits or the firm's policy regarding payments on its accounts payable Are marketable securities likely to vary directly with the level of a firm's sales? (Select the best choice below.) OA. No, marketable securities are not related to sales O B. Yes, the value of marketable securities varies directly with sales Is accounts payable likely to vary directly with the level of a firm's sales? (Select the best choice below.) OA. No, accounts payable will not vary directly with sales O B. Yes, accounts payable will vary directly with sales