Steve Has Estimated the Cash Inflows and Outflows for His

question 72

Multiple Choice

Steve has estimated the cash inflows and outflows for his hardware store for next year. The report that he has prepared recapping these cash flows is called a:

• A) pro forma income statement.
• B) sales projection.
• C) cash budget.
• D) receivables analysis.
• E) credit analysis.

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Definitions:

Expressly Inserted

Included specifically and clearly in a contract or document.

Implied

Understood or inferred without being stated directly.

Liquidated Damages

Liquidated damages are predetermined damages agreed upon by parties in a contract, to be paid if one party breaches the agreement.

Free-Will

The concept that humans have the ability to make choices that are not predetermined by past events or divine intervention.