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Fixed assets are often estimated incorrectly by the percent of sales method because
Select one:
a. fixed assets remain constant and the percent of sales method assumes all assets increase proportionally with sales.
b. fixed asset are very expensive. Incorrect
c. fixed assets are part of the capital budgeting process.
d. fixed assets are typically purchased in "lumps" and therefore do not increase proportionally with sales.
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the process of evaluating the project should be separated from the ranking process of the project in the portfolio the
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