Primary Task Response: Within the Discussion Board area, write 350–400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.
- What are the 3 basic pro forma financial statements, and why are they prepared?
- What is the basic assumption and the 4 basic steps required to construct pro forma statements using the percent-of-sales method?
- What is the purpose and process for preparing a cash flow forecast and cash budget?
- Other that the percent-of-sales method, what other models are commonly used to construct pro forma statements?
- What are the advantages and drawbacks of each?
Be sure to document your statements with credible sources, in-text citations, and references using proper APA format.
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