Reliable estimating procedure

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Tanisha is a finance manager and wants management to accept her financial analysis. Some of the members of the executive team are skeptical. What is an accurate response for Tanisha to give the executive team members to gain their confidence in her analysis? "There is no other method to estimate the cost of goods." "Since this was done in the past, it is fine to use this measure in the future." "Many other companies use this method, so it is fine to use." "If these percentages are consistent over the past few years, then this is a reliable estimating procedure."

Reference no: EM131547740

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