Question: The term additional funds needed ( AFN ) is generally defined as follows: a . The amount of internally generated cash in a given
The term "additional funds needed AFN is generally defined as follows: a The amount of internally generated cash in a given year minus the amount of cash needed to acquire the new assets needed to support growth. b Funds that are obtained automatically from routine business transactions.c Funds that a firm must raise externally from nonspontaneous sources, ie by borrowing or by seling new stoel, to support operators.d A forecasting approach in which the forecasted percentage of sale
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