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Identify/define and explain the significance of the following: René Descartes.
Financial Planning Process
A comprehensive evaluation of an individual's or organization's current and future financial state by using currently known variables to predict future cash flows and asset values.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period to ensure a company has sufficient liquidity.
Financial Statements
Formal records of a company's financial activities and condition, including balance sheet, income statement, and cash flow statement.
Fixed Assets
Fixed Assets, also known as non-current assets, are long-term tangible assets held for business use and not expected to be converted into cash in the upcoming year, such as buildings, machinery, and vehicles.
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