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(Percent of sales forecasting) Which of the following accounts would most likely vary directly with the level of a firm’s sales? Discuss each briefly.
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Yes No Yes No
Cash _ Notes payable __
Marketable securities _ Plant and equipment __
Accounts payable _ Inventories __
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https://brainmass.com/business/business-management/how-assets-and-liabilities-change-with-change-in-sales-179289
Solution Preview
The current assets and spontaneous liabilities vary directly with sales since these are components of the working capital. Working capital is linked to the level of sales and so varies with the sales.
From the above, cash, …
