Question

Bookmarks People Tab Afisada - Fare Summaryx Air Canada destinations and Air Canada de Ent/concept/5d93484889c93f09a8b73bb2/td7d1f1d-b7d8-4c11-83af-983a53dd7cb6/627/ Financial Accounting: Module 7 Quiz Question 14 of 20 Which of the following options is true in regards to financiarecasts? Forecasts are calculated based on historical data figures so they are extremely accurate. All cash flows will increase or decrease proportionately to forecasted sales numbers. Forecasts are exclusively used internally by management on a company level for general budgeting purposes. Odds are, forecasts will differ from actual results. SUBMIT SUBMIT Atten

Answer 1

Answer is D. Odds are, forecasts will differ from actual data.

There are possibilities that the actual numbers would be different from projected numbers. Such instance is usually observed.

All other options are appropriate.