which one is correct please confirm?QUESTION 9In using the percentage of sales forecasting method, the assumption is that ______________. a.there is a direct relationship between notes payable and sales b.accounts payable will not increase proportionally with sales c.there is a direct relationship between long-term debt and sales d.inventories will increase proportionately with sales

The percentage of sales method is used to compute the financing required when there is an increase…

Answered: In using the percentage of sales…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 10MC

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QUESTION 9

In using the percentage of sales forecasting method, the assumption is that ______________.

	a.	there is a direct relationship between notes payable and sales
	b.	accounts payable will not increase proportionally with sales
	c.	there is a direct relationship between long-term debt and sales
	d.	inventories will increase proportionately with sales

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