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Compared with the complete forecasting process, a limitation of using the percen...

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Compared with the complete forecasting process, a limitation of using the percent-of-sales method for Mighty Macs Fitness is that it:

Is less comprehensive and does not include a cash budget

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Is more comprehensive and requires a separate forecast for every month of the year

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Can be used only by unprofitable companies

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Cannot be used to estimate any balance-sheet accounts

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