Clayton Industries Is Planning Its Operations for Next Year

question 38

Multiple Choice

Clayton Industries is planning its operations for next year.Ronnie Clayton,the CEO,wants you to forecast the firm's additional funds needed (AFN) .Data for use in your forecast are shown below.Based on the AFN equation,what is the AFN for the coming year? Dollars are in millions. ​

• A) $87.4
• B) $124.1
• C) $120.8
• D) $107.9
• E) $90.6

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Definitions:

Raven's Matrices

A nonverbal group test typically used to measure abstract reasoning and regarded as a nonverbal estimate of fluid intelligence.

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a tool for assessing the intelligence and cognitive ability of adults.

WISC-IV

The Wechsler Intelligence Scale for Children-Fourth Edition, a tool used to assess the intellectual ability of children between the ages of 6 and 16.

Raven's Progressive Matrices

A nonverbal group test typically used to assess abstract reasoning and fluid intelligence.