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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