Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-A prediction of sales under a given set of conditions is referred to as
A) a predicatory budget.
B) a sales budget.
C) a budget forecast.
D) a sales forecast.
Correct Answer:
Verified
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