Tuesday, April 12, 2011

12-1 Assessment

1. False, financial planning is always needed
2. D. revenue-expenses= profit or loss
3. True, cash budget defintition
5.
a. $85,695 - $72,624 = 13,071
b. $1,824,300 - $2,183,680 = -359,380
c. $729,655 - $499,220 = 230,435
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