In Crystal Ball,the Output Variables in Which We Are Interested

question 62

True/False

In Crystal Ball,the output variables in which we are interested are called assumptions.

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Definitions:

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes, interest, and operating expenses, from total revenue.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a business needs to purchase to meet its sales goals and maintain inventory levels.

Expected Cash Collections

The projected amount of cash a company anticipates to receive from customers over a specific period.

Accounts Receivable

Funds due to a company from its clients for products or services rendered but still unpaid.