Which of the following are benefits of compiling a short-term financial plan?
I.Knowing ahead of time when your firm will probably require external financing.
II.Being able to estimate how long of a time period your firm might need a loan.
III.Being able to determine when your firm can best afford to spend funds on a capital expenditure.
IV.Knowing when your firm should have excess funds that can be invested.
A) I and III only
B) I, II and IV only
C) II, III and IV only
D) I, II and III only
E) I, II, III and IV
Correct Answer:
Verified
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