Define each of the following terms: a. Mission statement; corporate scope; statement of corporate objectives; corporate strategies

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Define each of the following terms:
a. Mission statement; corporate scope; statement of corporate objectives; corporate strategies
b. Operating plan; financial plan; sales forecast
c. Spontaneous liabilities; profit margin; payout ratio
d. Additional funds needed (AFN); AFN equation; capital intensity ratio; self-supporting growth rate
e. Forecasted financial statement approach
f. Excess capacity; lumpy assets; economies of scale
g. Full capacity sales; target fixed assets/sales ratio; required level of fixed assets
h. Financing feedback effects

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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