Pro forma financial statements are

Select one:

A. the most comprehensive means of financial forecasting.

B. often required by prospective creditors.

C. projections of financial statements for a future period.

D. all of the options.

The percent-of-sales method of financial forecasting

Select one:

a. is more detailed than a cash budget approach.

b. requires more time than a cash budget approach.

c. assumes that balance sheet accounts maintain a constant relationship to sales.

d. provides a month-to-month breakdown of data.