This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a limitation of the percent of sales method of preparing pro forma ... (Read 51 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jul 10, 2018
Which of the following is a limitation of the percent of sales method of preparing pro forma
  financial statements?
 
  A) Inventory levels are seldom affected by changes in sales volume.
  B) A firm's investment in accounts receivable is seldom related to sales volume.
  C) Not all assets and liabilities increase or decrease as a constant percent of sales.
  D) The dividend payout ratio may change from one year to the next.

Question 2

An extremely liquid asset is one that can be sold for cash quickly without a reduction in price
  below its current market value.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


a0266361136

  • Member
  • Posts: 538
Reply 2 on: Jul 10, 2018
Excellent

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Inhibition as a primary method of succession in the marine intertidal zone. Inhibition as a primary method of succession in the marine intertidal zone.
Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
Steps of the Scientific Method Steps of the Scientific Method
Integral Calculus-Volume using Disk method Integral Calculus-Volume using Disk method
Method for creating Golden Rice 2 Method for creating Golden Rice 2
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library