"Unfortunately, one thing we know for certain about financial forecasts is that they are almost always wrong." If the preceeding statement is generally thought to be true, why do we spend so much time and money on financial forecasting?!
What will be an ideal response?
Perhaps one way to address this statement is to quote General Eisenhower: "In preparing for battle I have always found that plans are useless, but planning is indispensable." We can take this to mean that by developing a plan we know may not work, we have considered other less likely outcomes and how we would react to those. Planning can help us think through situations and to prepare responses to possible outcomes.
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Tyler Corporation has provided you with the following budgeted income statement for one of its products
Sales revenue $800,000 Variable costs 540,000 Contribution margin $260,000 Fixed costs 275,000 Operating income (loss) $15,000 Tyler Corporation believes that 70% of the fixed costs would be avoidable if the product line was dropped. Based on the impact on the company's operating income or loss, Tyler should keep the product line. Indicate whether the statement is true or false
Describe the difference between concrete and abstract classes and give an example for each
What will be an ideal response?