The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed costs. Therefore, the use of the past cost and expense ratios generally tends to ________ profits when sales are increasing
A) accurately predict
B) overstate
C) understate
D) have no effect on
C
You might also like to view...
Correctly designed modules possess two attributes. Name and explain each
The preview section of a report is used to summarize key points made in the body of the material
Indicate whether the statement is true or false.
Newly hired salespeople are more likely to become productive staff members if they participate in a job orientation and a(n):
A) training program B) college recruitment session C) tour of the production facilities D) introduction to corporate personnel E) induction ceremony
Which of the following will most likely prompt a reader to open your blog post?
A) An interesting opening paragraph B) A catchy title or headline C) A call to action D) Exciting, colorful visuals