What is common starting point for forecasting?
What will be an ideal response?
Answer: A common starting point for forecasting is the percent of sales method.
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Which of the following statements is true?
A. Both realized and implicit capital gains are taxed. B. Realized capital gains are taxed, while implicit capital gains are not taxed. C. Implicit capital gains are taxed, while realized capital gains are not taxed. D. Neither realized capital gains, nor implicit capital gains are taxed.
Which of the following accounting treatments is proper for a change in reporting entity?
A) restatement of all financial statements presented B) restatement of current period financial statements C) note disclosure and supplementary schedules D) adjustment to retained earnings and note disclosure
Answer the following statements true (T) or false (F)
The concept of full payout refers to the lessee making all required payments according to the lease agreement.
Which term refers to gaze and eye contact?
a. chronemics b. monochronic c. oculesics d. olfactics