A Review of the Sales,costs and Profit Projections for a New

question 44

Multiple Choice

A review of the sales,costs and profit projections for a new product to find out whether they satisfy the company's objectives is called a ________.

• A)business feasibility plan
• B)market strategy development
• C)business analysis
• D)product acceptance
• E)proposal

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Definitions:

Note Receivable

Note receivable is a financial asset representing a written promise to receive a specific amount of money, plus interest, by a certain date.

Notes Receivable

A claim or right to receive a determinable sum of money from another party as evidenced by a promissory note.

Interest

The cost of borrowing money or the return on invested funds, generally expressed as a percentage rate over a period of time.

Allowance for Doubtful Accounts

An estimation of the accounts receivable that a company does not expect to actually collect, reflecting potential losses.