Which Element in the Projected Income Statement CANNOT Be Forecasted

question 8

Multiple Choice

Which element in the projected income statement CANNOT be forecasted using the percentage-of-sales method?

• A) Cost of goods sold
• B) Selling expense
• C) Administrative expense
• D) Interest expense
• E) Operating expenses

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Definitions:

Theory Z

A management philosophy that stresses employee participation in all aspects of company decision making.