Pro forma financial statements, by definition, are predictions of a company's financial statements at a future point in time. So, why is it important to analyze the historical performance of the company before constructing pro forma financial statements?
What will be an ideal response?
Historical analysis helps decide for which financial statement items a percent-of-sales forecast might be appropriate. For example, a stable trend in the collection period would tell you that, unless you expect changes in the management of the accounts receivable, future collection periods should continue along this trend.
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Petty cash reimbursement requires a journal entry that involves a debit to the appropriate expenses and a credit to Cash.
Answer the following statement true (T) or false (F)
What are formal and actual parameters?
What will be an ideal response?
The four bargaining subprocesses identified by Walton and McKersie include all of the following except:
A. Distributive bargaining B. Integrative bargaining C. Concession bargaining D. Attitudinal structuring
Online social communications and digital technologies have changed the way people seek out services and products and choose to shop.
Answer the following statement true (T) or false (F)