The percent-of-sales method would not result in very accurate financials if used for a tourism company....

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The percent-of-sales method would not result in very accurate financials if used for a tourism company. True or False True Fa

business accounting

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Answer 1

Answer #1

True,

Tourism business is quite a fluctuating business with some periods having greater sales than other periods. If percentage of sales method were to be applied then the forecasted results would not be accurate.

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The percent-of-sales method would not result in very accurate financials if used for a tourism company....

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As an alternative to the percent of revenue or sales method, which focuses on estimating the...

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The percent-of-sales method would not result in very accurate financials if used for a tourism company....

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