If the figures on a pro forma are hypothetical, then why go through the exercise of creating
Question:
If the figures on a pro forma are hypothetical, then why go through the exercise of creating a document with fake numbers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (6 reviews)
Pro forma statements are hypothetical but they are still valuable tools for businesses They can be used to Project future financial performance Pro fo...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
The mid-day wind speed, in knots, at a coastal resort is normally distributed with mean 12.8 and standard deviation . a. Given that 15% of the recorded wind speeds are less than 10 knots, find the...
-
Nero needs $500 to buy textbooks and other supplies. Olivia agrees to loan Nero $500, accepting as collateral Neros computer. They put their agreement in writing. How can Olivia let other creditors...
-
This chapter described studies that show that people work harder and better for managers who put the interests of others above their own. Why might this happen? Do you believe being more of a "giver"...
-
A major river is divided into three parts or courses-the upper course, the middle course, and the lower course. The slope is \(70 \mathrm{ft}\) per mile in the upper course, \(10 \mathrm{ft}\) per...
-
The marketing manager for Glissen Paint is working on the weekly sales and marketing plan for the firms industrial and contractor sales staff. Glissens sales representatives contact two types of...
-
Cite the sources in format with in-text citations, as appropriate. Include a reference list at the end of the narrative. Remember I need 3 references please!! Need a long detailed response Analyze...
-
Why is selecting an accountant a critical decision?
-
Who selects the entrepreneurs team? Why is this important?
-
a. i. Name the causative organism of TB. ii. Explain how TB is transmitted. b. i. State the regions of the world with the highest number of cases of TB. ii. Suggest reasons for the high number of...
-
How can the circular wait condition be detected and broken to prevent deadlock in complex systems with multiple interdependent resources ?
-
17. Find the value of the following expressions: a. 124+ 6/3 b. 8 - 7/3 c. 8 static cast 7/3. - d. 12 % 5 * 6-7
-
How do hypervisors differ in their approach to resource management between Type 1 (bare-metal) and Type 2 (hosted) hypervisors? Discuss the impact on system performance and security.
-
An oil refinery plant has requested permission from the community to expand. The expansion is likely to increase the number of deaths in the community due to increased rates of cancer. The number of...
-
12. An amusement park ride swings riders around a 25 meter radius circle at a speed of 16 m/s. What is the centripetal acceleration in meters per second-squared felt by each rider? (Answer with 3...
-
The file P03_63.xlsx contains 2009 data on R&D expenses and many financial variables for 85 U.S. publicly traded companies in the computer and electronic product manufacturing industry. The question...
-
What are some of the possible sources of information about a company that could be used for determining the companys competitive stance?
-
The following accounts receivable information pertains to Marshall Inc. Determine the estimated uncollectible bad debt from Marshall Inc. using the balance sheet aging of receivables method, and...
-
Which method delays recognition of bad debt until the specific customer accounts receivable is identified? A. Income statement method B. Balance sheet method C. Direct write-off method D. Allowance...
-
Noren Company uses the balance sheet aging method to account for uncollectible debt on receivables. The following is the past-due category information for outstanding receivable debt for 2019. To...
-
How does discussing the purpose of an improvement project help create common ground? Explain with example.
-
Where do you expect to find the most useful sources? What are some advantages and disadvantages of using Google, the DeVry Library, and local community sources? How will you approach your search?...
-
How do advances in neuroimaging techniques, such as diffusion tensor imaging (DTI) and resting-state functional connectivity MRI (rs-fcMRI), contribute to our understanding of the neural circuitry...
Study smarter with the SolutionInn App