Which of the following is NOT something that complicates forecasting sales?
a. Seasonality of sales
b. Extensive cash sales
c. Extensive credit sales
d. Businesses that depend on a few large sales events.
Answer : b. Extensive cash sales
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The use of the ________ is especially helpful in valuing firms that are not publicly traded
A) liquidation value B) book value C) P/E multiple D) present value of the dividends
Which of the following is a difference between second-party data and third-party data?
A) Second-party data are obtained from individuals or entities that are related to the subject, whereas third-party data are obtained from entities that maintain records regarding the subject. B) The advantage of second-party data is that it can be obtained independently by the forensic accountant, whereas the advantage of third-party data is that it is outside the subject's ability to manipulate. C) Second-party data falls under the realm of primary research, whereas third-party data falls under the realm of secondary research. D) Second-party data might require more time to obtain, whereas third-party data are readily available to the forensic accountant.