Answered You can hire a professional tutor to get the answer.

QUESTION

The term quot;additional funds needed (AFN)quot; is generally defined as follows: (Which one) *Funds that a firm must raise externally from...

The term "additional funds needed (AFN)" is generally defined as follows: (Which one)

*Funds that a firm must raise externally from non-spontaneous sources, i.e., by borrowing or by selling new stock to support operations.

*The amount of assets required per dollar of sales.

*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.

* A forecasting approach in which the forecasted percentage of sales for each balance sheet account is held constant.

*Funds that are obtained automatically from routine business transactions.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question