Aug 10th, 2016
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Harvard University
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Surname 1Name:Institution:Course:Date:Percent of Sales ModelThe percent of sales model is a financial model of planning that bears an assumption thata majority of balance sheets accounts and income statements fluctuate proportionately with sales.This model, although advantageous in a number of ways, has one key disadvantage that is relatedto working capital. It assumes that there is a high likelihood of history repeating itself andconsequently, the ratio of sales to working capital is also likely to remain constant. This nature isa source of its advantages and disadvantages as well. Its weakness in relation to working capitalhas a significant impact on financial planning and as such, it is pertinent to put it intoconsideration whenever this financial planning model is to be put into use (Brainard 100). Abrief description of the weakness is dwelt into below;The most import

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