Your Forecast Shows $500,000 Annually in Sales for Each of the Next

question 2

Multiple Choice

Your forecast shows $500,000 annually in sales for each of the next 3 years.If your second and third year predictions have failed to incorporate the 3% expected annual inflation,how far off in total dollar sales is your 3-year forecast?

• A) $45,450
• B) $60,900
• C) $52,550
• D) $76,250

Analyze the reasons behind latitudinal gradients in species diversity and the challenges in studying them.

Evaluate the impact of habitat fragmentation and deforestation on biodiversity.

Interpret the role of geographical and climate-related factors in species diversity.

Identify the effects of environmental changes on regional climates and ecosystems.

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Definitions:

Accrual Basis

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Indirect Method

A way of preparing the cash flow statement, where net income is adjusted for non-cash transactions and changes in working capital.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Accounts Receivable

Outstanding payments from customers for goods or services rendered by a company which have not been settled yet.