The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is 5% and the regression equation to estimate sales is Sales = 50 + 15(T). In 2016 (T=19), sales were 335.

What is forecasted sales for 2017 using the arithmetic average?

350

335

352

355

The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is 5% and the regression equation to estimate sales is Sales = 50 + 15(T). In 2016 (T=19), sales were 335.

What is forecasted sales for 2017 using the regression equation?

352

335

350

355

Assume sales are currently 100, projected sales are 110, assets that increase spontaneously with sales are 100, liabilities that increase spontaneously with sales are 50, the profit margin is 4% and the payout ratio is 25%. Using the AFN equation, what are additional funds needed?

$3.8

$0.7

$1.2

$1.7

Assume sales are currently 200, projected sales are 250, assets that increase spontaneously with sales are 800, liabilities that increase spontaneously with sales are 600, the profit margin is 10% and the payout ratio is 20%. Using the AFN equation, what are additional funds needed?

$8

$29

$30

$23

What advice is contained in Proverbs as it relates to planning?

If you dont know where youre going, you probably wont get there

Planning will not help with accurate financial statements

The plans of the diligent lead to poverty

Plans fail for lack of counsel, but with many advisers they succeed