The percentage of sales method of budgeting is based on
A)the previous year's sales revenue
B)next year's projected sales revenue
C)an average of the previous year's sales revenue and next year's project revenue
D)the previous year's sales revenue or next year's projected sales revenue

Question

Quizplus · Accepted Answer

The percentage of sales method can be based on either the previous year's sales revenue or next year's projected sales revenue, depending on the company's preference or strategy.

The Percentage of Sales Method of Budgeting Is Based on