An Important Reason for Making Financial Projections Is Forecasting Whether

question 104

Multiple Choice

An important reason for making financial projections is forecasting whether the firm will need money from outside sources in the coming year. If the planning assumptions result in a need for extra money, it shows up in the plan as:

• A)a negative net income.
• B)a negative equity account.
• C)an increase in debt.
• D)a very substantial drop in revenue.

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A mindset wherein an individual maintains a persistently positive outlook regardless of circumstances.

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The ability to understand complex ideas and concepts, often allowing for innovative problem solving and strategic planning.

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The capacity to perform various mental activities related to learning, problem-solving, and decision-making.

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