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Author Question: Discuss the importance of the sales forecast and items that influence its accuracy. What will be ... (Read 97 times)

jc611

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on: Jul 5, 2018
Discuss the importance of the sales forecast and items that influence its accuracy.
 
  What will be an ideal response?

Question 2

Depending on the restrictions placed on resources used to acquire a police car, the acquisition of the car could be reported in which of the following funds?
 
  a. general fund
  b. special revenue fund
  c. capital projects fund
  d. all of the above
  e. none of the above


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Expo

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: All other budgets are based on information from the sales forecast.

The sales forecast is a challenge to predict because its accuracy depends on the ability to forecast the state of the general economy, changes in the industry, actions of the competition, and developments in technology. Each of these items affects individual products or product lines and are quantified and aggregated to obtain the sales forecast.

Answer to Question 2

d


jc611

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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