Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which of the following statements about the percent-of-sales method of financial forecasting is true? A. It is the least commonly used method of financial forecasting.

which of the following statements about the percent-of-sales method of financial forecasting is true? A. It is the least commonly used method of financial forecasting. B. It is a much more precise method of financial forecasting than a cash budget would. C. It is not accepted for accounting.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Asset Management And Institutional Investors

Authors: Ignazio Basile, Pierpaolo Ferrari

1st Edition

331932795X,3319327968

More Books

Students also viewed these Finance questions

Question

what does a zero minimum variance indicate?

Answered: 1 week ago

Question

Explain methods of metal extraction with examples.

Answered: 1 week ago