-Please Refer to the Spreadsheet Above

question 15

Multiple Choice

-Please refer to the spreadsheet above.Selected assumptions are given for preparing pro forma financial statements for 2015.Which of the following formulas would correctly give the forecast for sales in cell C8?

• A) =B8*B2
• B) =B8 + B8*B2
• C) =(1 + B8)*B2
• D) =(1/B2)*B8
• E) None of the above.

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Definitions:

Partners

Individuals or entities who engage in business together with the goal of making a profit, sharing the profits and losses according to their agreement.

Partnership

A valid form of business collaboration that entails two or more individuals equally partaking in management and enjoying profits.

Close Corporation

A type of business corporation that is privately held, with a limited number of shareholders and restrictions on share transfers.

Shares

Units of ownership interest in a corporation or financial asset, providing a proportionate claim on the company's assets and profits.