The Percent-Of-Sales Method of Developing a Pro Forma Income Statement

question 5

Multiple Choice

The percent-of-sales method of developing a pro forma income statement forecasts sales and other line items as a ________.

• A) percentage of projected sales
• B) percentage of average sales over a period
• C) percentage of projected total assets
• D) percentage of average total assets over a period

Recognize the importance of loop control variables in iteration statements.

Understand the necessity of modifying the condition within a loop to avoid infinite loops.

Differentiate between the use of symbolic constants and sentinel values in loops.

Recognize the role and definition of EOF in C programming.