The first step involved in predicting financing needs is:
a.projecting the firm’s sales revenues and expenses over the planning period.
b.estimating the levels of investment in current and fixed assets that are necessary to support the projected sales.
c.determining the firm’s financing needs throughout the planning period.
d.none of the above.
a.projecting the firm’s sales revenues and expenses over the planning period.
b.estimating the levels of investment in current and fixed assets that are necessary to support the projected sales.
c.determining the firm’s financing needs throughout the planning period.
d.none of the above.
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