QUESTION

29. The term “additional funds needed (AFN)” is generally defined as follows: A) The amount of assets required per

Category: Business
Subject: Finance
Due Date: 01/27/2016
Question Asked: 2016-01-27 19:27:36

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29. The term “additional funds needed (AFN)” is generally defined as follows:

A) The amount of assets required per dollar of sales.

B) Funds that a firm must raise externally from non-spontaneous sources, i.e., by borrowing

or by selling new stock, to support operations.

C) The amount of internally generated cash in a given year minus the amount of cash needed

to acquire the new assets needed to support growth.

D) Funds that are obtained automatically from routine business transactions.

E) A forecasting approach in which the forecasted percentage of sales for each balance sheet

account is held constant.

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Posted on 2016-01-27 19:27:36

User: LightspeedLearning
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earnings: $1.10
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...or by selling new stock, to support operations.C) The amount of internally generated cash in a given year minus the amount ...

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