问一道题：NO.PZ201809170300000105

NO.PZ201809170300000105问题如下 Based on Exhibit 1, using the proposesales-basemethology to forecast FCFE would proinaccurate FCFE projection for whicompany? Company A. Company B. Company C. A is correct. In aition to significant non-cash charges other thpreciation in the most recent year, the annureport incates thCompany A expects to recognize aitionnon-cash charges relateto restructuring over the next few years. The given equation for forecasting assumes ththe only non-cash charge is preciation. When the company being analyzehsignificant non-cash charges other thpreciation expense, this sales-basemethology will result in a less accurate estimate of FCFE thone obtaineby forecasting all the invicomponents of FCFE. 题目公式中的是什么意思？

NO.PZ201809170300000105 Baseon Exhibit 1, using the proposesales-basemethology to forecast FCFE woulproinaccurate FCFE projection for whicompany? Company Company Company A is correct. In aition to significant non-cash charges other thpreciation in the most recent year, the annureport incates thCompany A expects to recognize aitionnon-cash charges relateto restructuring over the next few years. The given equation for forecasting assumes ththe only non-cash charge is preciation. When the company being analyzehsignificant non-cash charges other thpreciation expense, this sales-basemethology will result in a less accurate estimate of FCFE thone obtaineforecasting all the invicomponents of FCFE. NCC是唯一的非现支出。由于公司A 还有 other non-cash expense，所以不能用 是不是以ni 出发的ncc里，在计算sale base候不能有other non-cash exp的意思？ 是否抛弃non cash exp 的NCC就剩下p？ sale base是target ratio 的别名？target ratio是指代（WC+FC-p)*A是这里的A？

NO.PZ201809170300000105 Baseon Exhibit 1, using the proposesales-basemethology to forecast FCFE woulproinaccurate FCFE projection for whicompany? Company Company Company A is correct. In aition to significant non-cash charges other thpreciation in the most recent year, the annureport incates thCompany A expects to recognize aitionnon-cash charges relateto restructuring over the next few years. The given equation for forecasting assumes ththe only non-cash charge is preciation. When the company being analyzehsignificant non-cash charges other thpreciation expense, this sales-basemethology will result in a less accurate estimate of FCFE thone obtaineforecasting all the invicomponents of FCFE. 如题，没有get到考察的是哪个知识点，以及怎么推演出答案的。

Baseon Exhibit 1, using the proposesales-basemethology to forecast FCFE woulproinaccurate FCFE projection for whicompany? Company Company Company A is correct. In aition to significant non-cash charges other thpreciation in the most recent year, the annureport incates thCompany A expects to recognize aitionnon-cash charges relateto restructuring over the next few years. The given equation for forecasting assumes ththe only non-cash charge is preciation. When the company being analyzehsignificant non-cash charges other thpreciation expense, this sales-basemethology will result in a less accurate estimate of FCFE thone obtaineforecasting all the invicomponents of FCFE. 请问关于sale basemethology具体内容，讲义里有吗？

Baseon Exhibit 1, using the proposesales-basemethology to forecast FCFE woulproinaccurate FCFE projection for whicompany? Company Company Company A is correct. In aition to significant non-cash charges other thpreciation in the most recent year, the annureport incates thCompany A expects to recognize aitionnon-cash charges relateto restructuring over the next few years. The given equation for forecasting assumes ththe only non-cash charge is preciation. When the company being analyzehsignificant non-cash charges other thpreciation expense, this sales-basemethology will result in a less accurate estimate of FCFE thone obtaineforecasting all the invicomponents of FCFE. 看到过去解析中老师了NCC是唯一的非现支出，没明白这句话是什么意思。。 我看到讲义上说的是假设p是唯一的非现支出。。可否请老师再具体讲一下解析是什么意思？