Author Question: As a financial manager, Garry wants to know when his firm will need to arrange for short-term ... (Read 25 times)

newyorker26 · **on:** Jul 14, 2018

As a financial manager, Garry wants to know when his firm will need to arrange for short-term financing and when the firm is likely to have surplus cash available to pay off loans or to invest in short-term liquid assets. These concerns suggest that Garry would want to develop a:
A) cash budget.
B) pro forma income statement.
C) sales forecast.
D) projected balance sheet.

Question 2

As with a sole proprietorship, one disadvantage of a partnership is a lack of continuity.

Indicate whether the statement is true or false