Which of the following is the correct sequence of events in the percentage of sales method?
A) Find percentage of profit owner takes out of the business. Find assets as a percentage of
sales and multiply change in sales. Multiply forecasted sales by the historic profit margin.
Find liabilities as a percentage of sales and multiply change in sales.
B) Find assets as a percentage of sales and multiply change in sales. Find liabilities as a
percentage of sales and multiply change in sales. Multiply forecasted sales by the historic
profit margin. Find percentage of profit owner takes out of the business.
C) Find percentage of profit owner takes out of the business. Find assets as a percentage of
sales and multiply change in sales. Find liabilities as a percentage of sales and multiply
change in sales. Multiply forecasted sales by the historic profit margin.
D) Multiply forecasted sales by the historic profit margin. Find assets as a percentage of sales
and multiply change in sales. Find liabilities as a percentage of sales and multiply change
in sales. Find percentage of profit owner takes out of the business.
B
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A firm's operating breakeven point is the point at which ________
A) total operating costs equal total fixed costs B) total operating costs are zero C) EBIT is less than sales D) EBIT is zero
In a short essay, describe, with an example, why exporting is a flexible entry strategy for focal firms
What will be an ideal response?