Most pro forma statements begin with a sales forecast. One approach to deriving a sales forecast is
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Question:
Most pro forma statements begin with a sales forecast. One approach to deriving a sales forecast is the topdown approach. Topdown sales forecasts rely heavily on
A macroeconomic and industry forecasts
B forecasts from the sales force
c Board of Directors input
D the sales figure from the previous year coming from the top of the income statement
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