In the Financial Data and Projections Section of the Paradise

question 81

Multiple Choice

In the Financial Data and Projections section of the Paradise Kitchens marketing plan,the company chose to use a bar chart in addition to a numerical table to present its actual and projected sales revenues from 2013 to 2018.Paradise Kitchens made this decision because

• A)the bar chart made the lack of sales for the previous years less dramatic.
• B)the numerical sales figures were too difficult to interpret.
• C)there was too much information to present in such small physical space.
• D)a bar chart could gloss over inconsistencies and anomalies.
• E)the bar chart more clearly shows the company's projected growth.

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Definitions:

Insurance Policy

An agreement between an insurer and a policyholder that outlines coverage terms, conditions, and the duration the insurance coverage is in effect.

December 31

December 31 refers to the final day of the year in the Gregorian calendar, often associated with closing financial and business accounts for the year.

Credit Balance

A situation where the sum of credits in an account exceeds the sum of debits, often indicating a liability or revenue.

Unearned Revenue

Prepayment for goods or services which have not yet been delivered or performed, recognized as a liability on the balance sheet until the goods or services are delivered.