O UNICR TOP Updates. Multiple Choice Questions 8. In using a systems approach to financial planning, it is necessary develop a A) pro forma income statement. B) cash budget. C) pro forma balance sheet. D) all of the above. 9. In the development of the pro forma financial statements, the last step in the process is the development of the: A) cash budget B) pro forma balance sheet C) pro forma income statement D) capital budget 10. In developing the pro forma income statement we follow four important steps: 1) compute other expenses, 2) determine a production schedule, 3) establish a sales projection, 4) determine profit by completing the actual pro forma statement. What is the correct order for these four steps? A) 1,2,3,4 B) 4,3,2,1 C) 2,1,3,4 D) 3,2,1,4
Answer
Answer 8) In using a systems approach to financial planning, it
is necessary to develop a
pro forma income statement
cash budget
pro forma balance sheet
Option D: All the above
Answer 9) In the development of the pro forma financial
statements, the last step in the process is the development of
the
Option B : pro forma balance sheet
Answer 10) In developing the pro forma income statement we
follow what four important steps:
3. Establish a sales projection.
2. Determine a production schedule.
1. Compute other expenses.
4. Determine profit by completing the actual pro forma
statement.
Option: D: 3,2,1,4