When utilizing the percentage of sales approach, managers: I. Estimate company sales based on a desired level
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Question:
When utilizing the percentage of sales approach, managers:
I. Estimate company sales based on a desired level of net income and the current profit margin.
II. Consider only those assets that vary directly with sales.
III. Consider the current production capacity level.
IV. Can project both net income and net cash flows.
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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