Sales forecasts <u>help auditors understand </u><u>management's strategy</u>
<u>can be used in valuing </u><u>inventory</u>
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What are sales forecasts?
A sales forecast is an indication of predicted sales revenue. What your business expects to sell during a specific time period is estimated by a sales forecast (like a quarter or year). The most accurate sales projections do this. By providing knowledge of the probable behavior of your most valued clients, sales forecasting aids in achieving this revenue efficiency. In addition to enhancing pricing, advertising, and product development, you may forecast future sales. The ability of your business to predict future revenues across particular time periods in order to better manage resources is one of the benefits of sales forecasting.
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Answer: d. Unity of direction
Explanation:
The principle of Unity of Direction is one of the 14 principles of Fayol in relation to administration. Summarised into one phrase, the principle would mean,<em> One Head One Plan</em>.
This is because the principle believes that when in a company, different departments aim to achieve distinct goals, the departments should have a sole leader and a sole plan for the goals that should be accomplished so that there is no confusion.
This is why the Akika Corporation wants to create independent domains that reflect the actions they perform and will have the distinct roles needed to help them perform the actions efficiently.
Answer:
The idea is that one variable is the effect of another variable or, to say it another way, that one variable precedes and/or causes another. The dependent variable is the variable to be explained (the 'effect”). The independent variable is the variable expected to account for (the “cause” of) the dependent variable.
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Answer:
6.57%
Explanation:
Given that,
D1 = $2.00
Dividend growth rate, g = 4.50%
Stock price, P0 = $47
Before-tax cost of debt = 6.50%
Tax rate = 40%
Target capital structure for Debt = 45%
Target capital structure for Common equity = 55%
Cost of equity:
= (D1 ÷ P0) + g
= ($2.00 ÷ $47) + 4.50%
= 4.25% + 4.50%
= 8.75%
After tax cost of dept:
= Before tax cost of dept × (1 - Tax rate)
= 6.50% × (1 - 0.40)
= 6.50% × 0.60
= 3.9%
Company’s WACC if all the equity used is from retained earnings:
= (Cost of equity × Percent of common equity) + (After tax cost of dept × Percent of debt)
= (8.75% × 55%) + (3.9% × 45%)
= 4.8125% + 1.755%
= 6.57%
