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 74 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
Great answer, keep it coming :)

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Palade's use of the pulse-chase method to study protein secretion Palade's use of the pulse-chase method to study protein secretion
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Percent of Mothers in the Workforce by Age of Children and Marital Status Percent of Mothers in the Workforce by Age of Children and Marital Status
Steps of the Scientific Method Steps of the Scientific Method
How to find derivative using delta method of y=100x-13? please notice me! How to find derivative using delta method of y=100x-13? please notice me!
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library