Which of the Following Is NOT True

question 50

Multiple Choice

Which of the following is NOT true?

• A)The process of preparing financial forecasts begins by preparing a projected income statement.
• B)In preparing a projected income statement, start with a sales or revenue forecast prepared by marketing personnel.
• C)The relationship between sales and some costs may be complex, for example sales and fixed costs.
• D)Interest expenses are commonly based on a percentage of sales.

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Definitions:

Worksheet Titles

Worksheet Titles refer to the descriptive names given to individual worksheets within a spreadsheet application to identify and differentiate them.

Point Size

is a unit of measure used to denote the size of typographic characters, with one point equating to 1/72 of an inch.

AutoCalculate Area

A feature in spreadsheet programs that automatically computes and displays the sum, average, and other statistical information for selected cells.

Dollar Values

Monetary values expressed in terms of the currency of the United States, used to indicate the price or cost of an item or service.