Solved: Weakness of the percent-of-sales method, Accounting Basics

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Weakness of the percent-of-sales method

Question: A weakness of the percent-of-sales method to preparing a proforma income statement is ________

(a) the assumption that the value of certain accounts can be forced to take on desired levels

(b) the assumption that the firm faces linear total revenue and total operating cost functions

(c) the assumption that the firm's past financial condition is an accurate predictor of its future

(d) ease of calculation preparation.

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Accounting Basics: Weakness of the percent-of-sales method

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