The percent-of-sales method of developing a pro forma income statement forecasts sales and other line items as a ________
A) percentage of projected sales
B) percentage of average sales over a period
C) percentage of projected total assets
D) percentage of average total assets over a period
A
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Absorption and variable costing are two different methods of measuring income and costing inventory.Required: A. Product costs are defined as costs associated with the manufacturing process. How does the operational definition of product cost differ between absorption costing and variable costing?B. An absorption-costing income statement will report gross profit or gross margin whereas a variable-costing income statement will report contribution margin. What is the difference between these terms?
What will be an ideal response?
The original and oldest form of direct marketing are ________
A) billboards B) banner advertising C) mail campaigns D) outbound telemarketing calls E) field sales calls
Customers usually know a good deal about ________ and are loyal to specific brands
A) specialty products B) homogeneous products C) impulse products D) MRO products E) emergency products
A _____ is an order to a broker to buy a specific stock only if its price is below a certain level, or to sell a specific stock only if its price is above a certain level.
A. mid-price peg B. limit order C. market order D. tick-sensitive order