Directions: Write True if the statement is correct and False if the statement is incorrect.
_____1 the projected statement of financial positions has to be balanced to external funds needed (EPN) can be computed
____2 if the company needs funds for the operation of the business they can only we debt instruments
_____3 it's amount in (EPN) is positive it means that the company needs
_____4 it's amount (EPN) is negative it means that the company needs additional funds
_____5 if the company has excess cash, it means that it can pay it's financial obligations
_____6 net cash flows gives information about the amount of excess cash of cash deficit for the periof
____7 cash receipts include payments to includes suppliers and other service providers loans and cash and cash divedends
____8 Budget is an estimate of costs revenues and resources over a specified period reflecting a reading of future financial conditions and goals
____9 in forecasting financial statements sales are the most important account because almost of all accounts in the financial statements are effected by it
____ 10 the cash disbursements is the collection receivables Proceeds from loans issuance of new shares of stocks and advances from the stockholders
____11 sales is the most important account in forecasting financing statement
____12 there should be information or income taxes and how much financing cost a company will have to forecast net income
____13 the cash budget displays the expected cash receipts and dibursements for an accounting period
_____14 sales budget is composed of the variable and fixed costs needed to run the operations of the business
____15 operating budget provides estimated amount of money based on the volume of products that a company proposes to sell a in a future period
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Answers & Comments
Answer:
1A 2D 3E 4B 5D 6D 7A 8D 9C 10C 11C 12C 13C 14C 15C
Explanation:
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