The percent-of-sales method can be used to forecast
A) expenses.
B) assets.
C) liabilities.
D) all of the above.

Name: The percent-of-sales method can be used to forecast A) expenses. B) assets. C) liabilities. D) all of the above.
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Question

Quizplus · Accepted Answer

The percent-of-sales method is a financial forecasting model used to estimate various financial figures, such as expenses, assets, and liabilities, based on their relationship to sales. It assumes that these figures will maintain a constant ratio to sales over time.

The Percent-Of-Sales Method Can Be Used to Forecast