The Sales Forecast for a Brand New Business Is Not

question 10

Multiple Choice

The sales forecast for a brand new business is not based on:

• A) industry statistics.
• B) how long it takes to get new customers.
• C) expert opinion.
• D) past sales of the company.

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Definitions:

Cash Balance

The amount of cash that a company or an individual has on hand at any given time.

Deposits

Funds placed into an account at a financial institution for safekeeping.

Adjusted Cash Balance

The cash balance reported on a company's financial statements, modified for checks that have not yet cleared or deposits in transit.

Outstanding Checks

Checks that have been written and recorded in a ledger but have not yet been cashed or cleared by the bank.