The "percent of sales method" is a method of preparing pro forma financial statements. All of the
following would be examples of how the "percent of sales method" is developed EXCEPT:
A) Forecast assets by applying a percent of projected sales, using current year's assets as a
percent of current year's sales.
B) Forecast retained earnings by applying a percent of projected sales, using current year's
retained earnings as a percent of current year's sales.
C) Approximate liabilities by applying a percent of projected sales, using the last five-year
average of liabilities as a percent of sales.
D) Forecast expenses by applying a percent of projected sales, using last year's expenses as a
percent of last year's sales.
B
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A broker is required to keep his principal informed of all material facts. A broker who holds a listing from the seller must disclose which of the following facts when presenting an offer?
A. The purchaser is not of the Caucasian race B. A cooperating broker will be presenting a higher offer the following day C. The buyer's lender is insisting on an impound account D. None of the above
________ companies top the list of big global advertising spenders
A) B2B B) Financial services C) Consumer products D) Industrial goods