What is the implied assumption in percent of sales method?
What will be an ideal response?
Answer: The percent of sales method assumes that as sales grow, many income statement and balance sheet items grow at the same at the same percent of sales rate.
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Paul Property Owner makes significant improvements to a lot he has been holding for seven years. Which of the following is most likely to be true regarding Paul's improvements?
a. Paul's land will increase in value b. Paul's land will decrease in value c. Paul is developing a subdivision d. either a or b
Brown & Smith, Inc engages in the design, development, making, and retail selling of designer jewelry in North America
Before approving a new design, the company draws it on a computer and then produces models to show potential consumers and get their reactions. This allows the company to analyze the possible customer reaction. Identify the concept testing method used here. A) conjoint analysis B) perceptual mapping C) virtual reality testing D) rapid prototyping E) digital fabrication