
All of the following are benefits derived from short-term financial planning with the exception of:
A) having advance notice of when your firm should require external financing.
B) knowing for certain what your cash balance will be six months in advance.
C) knowing if excess funds should be available for investing.
D) being able to determine the approximate extent of time for which a loan is required.
E) having the ability to time capital expenditures in order to place the least financial burden possible on a firm.
Correct Answer:
Verified
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