Question: The percent-of-sales method for financial forecasting Multiple choice question. assumes balance sheet accounts maintain a constant relationship to sales. is more exacting than the systems

The percent-of-sales method for financial forecasting Multiple choice question. assumes balance sheet accounts maintain a constant relationship to sales. is more exacting than the systems approach. is the most difficult method to use because it requires tracing cash & accounting flows. provides a month-to-month breakdown of the data.A firm wishes to maintain a cash balance of $8,000 at all times. The cash budgets reveals that that the firm will go below this amount in the month of May. To maintain the desired cash balance, the firm must Blank______. Multiple choice question. sell additional preferred stock. borrow additional funds. float additional corporate bonds. sell additional common stock

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