1. true or false. financial planning is needed by small businesses only until they begin to make a profit.
2. the basic financial equation is
D revenue-expenses=profit or loss
3. true or false. a cash budget is an estimate fo the actual money received and paid out for a specific period.
5. a. 85,695-72,624=profit of 13,071
b. 1,824,300-2,183,680= loss of 359,380
c. 729,655-499,220= profit of 230,435
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