Define each of the following terms: a. Operating plan; financial plan; sales forecast b. Pro forma financial
Question:
Define each of the following terms:
a. Operating plan; financial plan; sales forecast
b. Pro forma financial statement; percent of sales method
c. Spontaneously generated funds
d. Additional funds needed (AFN); AFN formula; capital intensity ratio
e. Lumpy assets
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a The operating plan provides detailed implementation guidance designed to accomplish corporate objectives It details who is responsible for what particular function and when specific tasks are to be ...View the full answer
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Related Book For
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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