Tuesday, April 12, 2011

Chapter 12 Section 1 Assessment

1. True or False ; Financial planning is needed by small businesses only until they begin to make a profit?
   - False
2. The basic financial quation is ?
   - D
3. True or False ; A cash budget is an estimate of the actual money received and paid out for a specific period.
  - True
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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