Question
Define each of the following terms: a. Operating plan; financial plan b. Spontaneous liabilities; profit margin; payout ratio c. Additional funds needed (AFN); AFN equation;
Define each of the following terms:
a. Operating plan; financial plan
b. Spontaneous liabilities; profit margin; payout ratio
c. Additional funds needed (AFN); AFN equation; capital intensity ratio; self-supporting growth rate
d. Forecasted financial statement approach using percentage of sales
e. Excess capacity; lumpy assets; economies of scale
f. Full capacity sales; target fixed assets to sales ratio; required level of fixed assets
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
