Which Is NOT a Step in Performing a Projected Financial

question 34

Multiple Choice

Which is NOT a step in performing a projected financial analysis?

• A) Prepare the projected income statement before preparing the balance sheet
• B) Forecast sales as accurately as possible
• C) Use the percentage-of-sales method to project CGS
• D) Subtract from the net income any dividends to be paid for that year and bring this retained earnings amount over to the balance sheet
• E) Use the revenue account as the plug figure

---

Definitions:

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, often used as a therapeutic technique.

Flow

A mental state of operation in which a person performing an activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment.

Nirvana

In Buddhism, a transcendent state of ultimate peace and highest happiness, free from suffering, desire, and the cycle of death and rebirth.

Rogerian Psychotherapists

Practitioners of a humanistic approach to psychotherapy developed by Carl Rogers, emphasizing a non-directive, empathetic environment to facilitate clients' growth and resolve.