Which of the following is true of a sales forecast?
A) It is the value received by a firm in return for a good or service.
B) It is an estimate of the amount a firm expects to sell during a given period in the future.
C) It represents the difference between revenue earned and expenses incurred.
D) It is an estimate of the owners' share of the business, after liabilities are subtracted from assets.
Correct Answer:
Verified
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