A simple method of calculating variance is to _________________.

Which is the accepted format for a forecasted P&L?

Purpose of a summary page?

Would it be better to create detailed input that individually forecasts expenses or to create a simple, one-line input for Operating Expenses?

A normal revenue model will _______________.

For most new ventures in the process of creating a forecast, the expense that warrants the most detailed analysis and input is _____________.

Which of the following could be used in financial forecasts?

What is financial forecasting?

What does EBIT stand for?

True or False? Forecasting is based on historical information and assumptions.

True or False? Predicting revenue is not part of financial forecasting.