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FIN 534 Problems Chapter 16 Financial Planning and Forecasting

FIN 534 Problems Chapter 16 Financial Planning and Forecasting

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Problems Chapter 16:  Forecasting Multiple Choice:  Conceptual (16-1) Strategic planning C K Answer: c  EASY 16. Which of the following is NOT a key element in strategic planning as it  is described in the text? a. The mission statement. b. The statement of the corporation’s scope. c. The statement of cash flows. d. The statement of corporate objectives. e. The operating plan. (16-3) AFN formula method C K Answer: b  EASY 17. Which of the following assumptions is embodied in the AFN formula? 18. Jefferson City Computers has developed a forecasting model to estimate  its AFN for the upcoming year.  All else being equal, which of the  following factors is most likely to lead to an increase of the  additional funds needed (AFN)? 35. 19. The term “additional funds needed (AFN)” is generally defined as  follows:
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