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 33 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
YES! Correct, THANKS for helping me on my review

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Preparing Canapés ( 1 of 5) Preparing Canapés ( 1 of 5)
Integral Calculus-Volume using Disk method Integral Calculus-Volume using Disk method
At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ... At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ...
How do solve the derivative of y=x^3-x^2+x-2 using delta method. How do solve the derivative of y=x^3-x^2+x-2 using delta method.
Plot of Land (Modified Offset Method) Plot of Land (Modified Offset Method)
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library