Which of the following assumptions is assumed in the percent of sales forecasting method? All balance sheet assets accounts are tied directly to sales. Accounts receivables and inventory are tied directly to sales. Preferred stock and long-term debt are tied directly to sales. Fixed assets, but not current assets, are tied directly to sales.

Which of the following assumptions is assumed in the percent of sales forecasting method? All balance sheet assets accounts are tied directly to sales. Accounts receivables and inventory are tied directly to sales. Preferred stock and long-term debt are tied directly to sales. Fixed assets, but not current assets, are tied directly to sales.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 12MC: Which of the following is not an element of the financial statements? A. future potential sales...

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		All balance sheet assets accounts are tied directly to sales.
		Accounts receivables and inventory are tied directly to sales.
		Preferred stock and long-term debt are tied directly to sales.
		Fixed assets, but not current assets, are tied directly to sales.