One of the virtues of the percent-of-sales method is the precision of the estimate it provides for future financing needs.

Name: One of the virtues of the percent-of-sales method is the precision of the estimate it provides for future financing needs.
Brand: Quizplus
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Quizplus · Accepted Answer

The percent-of-sales method is a tool used to estimate future financing needs based on a percentage of anticipated sales. However, it may not always provide a precise estimate as it relies on assumptions about future sales patterns and costs.

One of the Virtues of the Percent-Of-Sales Method Is the Precision