The proper sequence for beginning a percentage-of-sales financial plan is: A. Establish the relationship of each account
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Question:
The proper sequence for beginning a percentage-of-sales financial plan is:
A. Establish the relationship of each account to sales, review the sales forecast, and correctly identify the accounts that relate to sales.
B. Start with a sales forecast, establish the relationship of each account to sales, and correctly identify the accounts that relate to sales.
C. Start with a sales forecast, estimate the external funds needed, and estimate the accounts affected by sales.
D. Start with a sales forecast, correctly identify the accounts that relate to sales, and establish the relationship of the account to sales.
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