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teranine teranine
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5 months ago
Which of the following is NOT true?

▸ The process of preparing financial forecasts begins by preparing a projected income statement.

▸ The relationship between sales and some costs may be complex, for example sales and fixed costs.

▸ Interest expenses are commonly based on a percentage of sales.

▸ In preparing a projected income statement, start with a sales or revenue forecast prepared by marketing personnel.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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angelord2510angelord2510
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5 months ago
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This calls for a celebration Person Raising Both Hands in Celebration
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Smart ... Thanks!
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You make an excellent tutor!
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