Which one of the following terms is applied to the financial planning method which uses the projected sales level as the basis for determining changes in balance sheet and income statement account values?
A)percentage of sales method
B)sales dilution method
C)sales reconciliation method
D)common-size method
E)trend method

Question

Quizplus · Accepted Answer

The percentage of sales method is a financial planning method that uses the projected sales level as the basis for determining changes in balance sheet and income statement account values. This method involves calculating the percentage of sales that can be allocated to different expenses and assets in order to forecast financial outcomes.

Which One of the Following Terms Is Applied to the Financial