Which of the following is not considered in the preparation of a sales budget or sales forecast?
A) General economic trends.
B) Anticipated marketing or advertising plans.
C) Issuance of the current year's financial statements.
D) Anticipated price changes in both purchasing costs and sales prices.
C
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When a liability is accrued, the account debited in the transaction is a stockholders' equity account
a. True b. False Indicate whether the statement is true or false
In selecting a sample for attribute testing, systematic selection involves which of the following approaches?
a. Each item in the population having an equal chance of selection. b. Every nth item being selected after a random start. c. An arbitrary selection with no conscious bias. d. Selecting all items on a day or week.
McGill University's Prof. Mintzberg, writing about leaders and strategy, had observations which
A. "projected the past into the future." B. said strategic control systems fail to detect changes in consumer demand. C. encourage rigid planning and goal-setting processes. D. cast doubt on the value of rigid planning and goal-setting processes.
Peckham Corporation received a 9-month, 9% note for $100,000 from its agent on July 1, 2012. The note is due on March 31, 2013. If Peckham's accounting period ends on December 31, 2012, how much interest revenue should Peckham recognize during 2012 and 2013? 2012 2013
A) $2,250 $4,500 B) $4,500 $2,250 C) $9,000 $ 0 D) $4,500 $4,500