Top Posters
Since Sunday
t
7
m
6
k
6
F
5
j
5
t
5
j
5
G
5
f
5
a
5
d
5
c
5
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
samualson samualson
wrote...
Go to Answer
Posts: 2459
Rep: 13 0
5 years ago
The "percent of sales method" is a method of preparing pro forma financial statements. All of the following would be examples of how the "percent of sales method" is developed EXCEPT:
A) Forecast expenses by applying a percent of projected sales, using last year's expenses as a percent of last year's sales.
B) Forecast assets by applying a percent of projected sales, using current year's assets as a percent of current year's sales.
C) Approximate liabilities by applying a percent of projected sales, using the last five-year average of liabilities as a percent of sales.
D) Forecast retained earnings by applying a percent of projected sales, using current year's retained earnings as a percent of current year's sales.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 42 times
1 Reply
Replies
Answer verified by a subject expert
DeanaRayDeanaRay
wrote...
#1
Top Poster
Posts: 1112
Rep: 14 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

samualson Author
wrote...

5 years ago
Helped a lot
dedricgard
wrote...

Yesterday
Good timing, thanks!
sadiewolf
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  960 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4077
  
 8923
  
 376
Your Opinion
Where do you get your textbooks?
Votes: 422
Previous poll results: Which 'study break' activity do you find most distracting?