Term
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Definition
| A model of what management expects a business to become in the future expressed in words and financial projections? |
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Definition
| A projection of the firm's financial statements into the future? |
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Definition
| The ________ _____ addresses broad, long-term issues, and contains only summarized, approximate financial projections. |
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Definition
| This plan projects the business in detail over a year, nd is the most important planning exercise. |
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Term
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Definition
| These are short-term updates of the annual plan when business conditions change rapidly. |
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Definition
| Very short-term projections of profit and cash flow. |
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Term
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Definition
| An expected condition that dictates the size of one or more financial statement items. |
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Definition
| Planned debt is required to forecast interest, but interst is required to forecast debt. |
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Term
| Percentage of Sales Method |
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Definition
| This method assumes most financial statement line items vary directly with revenue. |
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Term
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Definition
| Which relationship provides an estimate of funding needs assuming all financial items vary directly with sales? |
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Term
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Definition
| A detailed projection of receipts and disbursements of cash is? |
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Definition
| Which plans are consolidated from lower management's inputs, and tend to understate what the firm can do? |
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