Which of the following assumptions is assumed in the percent of sales forecasting method? All balance sheet assets accounts are tied directly to sales. Accounts receivables and inventory are tied directly to sales. Preferred stock and long-term debt are tied directly to sales. Fixed assets, but not current assets, are tied directly to sales.

The percentage of sales forecasting method is a financial forecasting technique that uses historical…

Answered: Which of the following assumptions is…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 34MCQ: Which of the following ratios is used to measure a firms profitability? a. Liabilities Ă· Equity c....

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Which of the following assumptions is assumed in the percent of sales forecasting method?

		All balance sheet assets accounts are tied directly to sales.
		Accounts receivables and inventory are tied directly to sales.
		Preferred stock and long-term debt are tied directly to sales.
		Fixed assets, but not current assets, are tied directly to sales.

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