The most important reason that a firm might use a sales force forecasting survey to determine its sales forecast is
A. salespeople are generally optimistic about the future and will provide excellent forecast targets.
B. most salespeople tend to have a pessimistic outlook, which is more likely to result in an achievable sales forecast.
C. this tends to be the fastest way to determine a good sales forecast for the upcoming period.
D. the averaging and other statistical techniques applied to these forecasts result in extremely accurate numbers.
E. the sales staff is closer to the actual customers on a regular basis than anyone else in the organization.
Answer: E
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Which of the following is the correct formula for calculating residual income?
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A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's average age of inventory is ________ days
A) 80 B) 50 C) 90 D) 70
Assume the price of Mary, Inc. stock is $56.00, interest rates are 4.8%, div yield = 0, and
? = 0.35. What is the price of a $1,000 par value 2-year price-participation note paying a 5.0% annual coupon and receiving 50.0% of all price appreciation above $65.00? A) $896.44 B) $996.44 C) $1006.44 D) $1106.44
Unearned revenue occurs when:
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