Which of the Following Is Not Part of the Financial

question 33

Multiple Choice

Which of the following is not part of the financial forecasting process used to project financial statements?

• A) forecast sales
• B) forecast tax rates
• C) project the income statement
• D) project the balance sheete project the statement of cash flows

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Definitions:

Net Profit

The total earnings after all expenses and taxes have been subtracted from revenue.

Overhead Expenses

costs related to the day-to-day running of a business but not directly tied to producing goods or services.

Selling Price

The amount of money for which a seller offers a product or service to the buyer.

Rate of Profit

A measurement, usually expressed as a percentage, reflecting the profitability of an investment or business compared to the initial cost.