Question

Jake has prepared pro forma financial statements for his landscaping business. At the minimum, how often should he check results and make modifications as needed?

a. annually

b. quarterly

c. monthly

d. weekly

Match the term with its definition.

a. Cash budget

b. Current ratio

c. Line of credit

d. Net working capital

e. pro forma financial statements

f. percentage-of-sales technique

g. spontaneous debt financing

Answer

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