7. The following are forecasting steps done as part of financial planning. 1) Preparing projected financial statements 2) Estimating marketing and administrative expenses 3) Estimating sales projection 4) Preparing production schedule 5) Determining additional funds The correct arrangement of the steps is: a) 5-3-1-2-4 b) 1-3-2-5-4 с) 3-4-2-5-1 d) 3-5-2-1-4
7. The following are forecasting steps done as part of financial planning. 1) Preparing projected financial statements 2) Estimating marketing and administrative expenses 3) Estimating sales projection 4) Preparing production schedule 5) Determining additional funds The correct arrangement of the steps is: a) 5-3-1-2-4 b) 1-3-2-5-4 с) 3-4-2-5-1 d) 3-5-2-1-4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![7. The following are forecasting steps done as part of financial planning.
1) Preparing projected financial statements
2) Estimating marketing and administrative expenses
3) Estimating sales projection
4) Preparing production schedule
5) Determining additional funds
The correct arrangement of the steps is:
a) 5-3-1-2-4
b) 1-3-2-5-4
c) 3-4-2-5-1
d) 3-5-2-1-4
For this year 2020, Dulce Candies expects a 15% increase from 2019 sales of P75,000. It hopes to maintain cost of
sales ratio at 32%; and marketing and administrative expenses at 8% of sales. Based on these assumptions,
8. Amount of sales for year 2020 should be
a) #11,250
b) P24,000
P86,250
d) P105,000
9. Cost of sales at that volume is expected to be
a) P24,000
|b) #63,750
c) P99,000
d) P105,000
10. Marketing and administrative expenses should be around
b) P32,000
a) P75,000
c) P11,250
P6,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fed91e57d-dae0-447a-a248-2b91db5a1cb8%2Ff2fa36e5-705c-4a0c-9d58-17ea836e4334%2F5jc6xip_processed.png&w=3840&q=75)
Transcribed Image Text:7. The following are forecasting steps done as part of financial planning.
1) Preparing projected financial statements
2) Estimating marketing and administrative expenses
3) Estimating sales projection
4) Preparing production schedule
5) Determining additional funds
The correct arrangement of the steps is:
a) 5-3-1-2-4
b) 1-3-2-5-4
c) 3-4-2-5-1
d) 3-5-2-1-4
For this year 2020, Dulce Candies expects a 15% increase from 2019 sales of P75,000. It hopes to maintain cost of
sales ratio at 32%; and marketing and administrative expenses at 8% of sales. Based on these assumptions,
8. Amount of sales for year 2020 should be
a) #11,250
b) P24,000
P86,250
d) P105,000
9. Cost of sales at that volume is expected to be
a) P24,000
|b) #63,750
c) P99,000
d) P105,000
10. Marketing and administrative expenses should be around
b) P32,000
a) P75,000
c) P11,250
P6,000
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