ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A report that summarizes your current financial condition and sets a direction for future financial activities.
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financial plan
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annuity
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A financial plan is a report that summarizes your current financial condition, acknowledegs your financial needs, and sets a direction for your future financial activities.
Detailed explanation-2: -Financial plan is a formal report that summarizes present conditions, analyzes financial needs, and recommends future financial activities.
Detailed explanation-3: -The operating (or master) budget ties together the firm’s other budgets and summarizes its proposed financial activities.
Detailed explanation-4: -Create a sales forecast. Detail the expenses. Create a cash flow statement. Forecast income projections. Created a forecasted balance sheet. Understand your break-even point. 10-May-2022
There is 1 question to complete.