1. It involves planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the business. 2. A formal arrangement between two or more people to manage business operations and share its profits and liabilities. 3. It is the process of estimating revenue and expenses over a specified period of time. 4. This refers to how much of the total assets is financed by debt and how much is financed by equity. 5. Function of financial management that determines how to finance working capital accounts such as accounts receivable and inventories.

1. It involves planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the business. 2. A formal arrangement between two or more people to manage business operations and share its profits and liabilities. 3. It is the process of estimating revenue and expenses over a specified period of time. 4. This refers to how much of the total assets is financed by debt and how much is financed by equity. 5. Function of financial management that determines how to finance working capital accounts such as accounts receivable and inventories.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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