Since sales forecast is a critical element in preparing pro forma statement, entrepreneurs should be evaluated on
A) their ability to provide a precise forecast
B) their thought process and assumptions
C) their accuracy in creating the financial models
D) the amount of time and effort they devoted to the forecast
E) All of the above
Correct Answer:
Verified
Q1: Pro Forma financial statements include:
A) pro forma
Q2: The first step in creating pro forma
Q3: Preparing pro forma financial statements requires at
Q4: Methods for estimating expenses for an existing
Q5: In analyzing pro forma financial statements, you
Q6: The worst case scenario will include:
A) The
Q7: Preparing sales forecast of a new business
Q9: When outside investors and lenders review a
Q10: Long-term debt and equity should be
A) The
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