Question: Additional funds needed ( AFN ) is generally defined as: A forecasting approach in which the forecasted pereentage of sales for each balance sheet

"Additional funds needed (AFN)" is generally defined as:
A forecasting approach in which the forecasted pereentage of sales for each balance sheet account is held constant.
The amount of internally generated eash in a given year minus the amount of cash needed to acquire the new assets nooded to support growth.
Funds that a firm must raise externally from non-spontancous sources, i.e., by borrowing or by selling new stock to support operations.
Funds that are obtained automatically from routine business transactions.
"Additional funds needed ( AFN ) " is generally

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