In the percent of sales model, all income statement and balance sheet accounts vary directly with sales.

Name: In the percent of sales model, all income statement and balance sheet accounts vary directly with sales.
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

In the percent of sales model, while many income statement and some balance sheet accounts vary directly with sales, certain balance sheet accounts like long-term debt, equity, and fixed assets may not vary directly with sales, depending on the specific assumptions of the model.

In the Percent of Sales Model, All Income Statement and Balance