rith complete solutions
Cash Budgets - ✔✔
Profit Forecasting - ✔✔
Balance Sheet Forecasting - ✔✔
Discretionary Financing Needed - ✔✔The additional financing needed given a firm's expectations for
future growth.
Spontaneous Accounts - ✔✔Accounts that vary naturally with sales.
Discretionary Accounts - ✔✔Accounts that do not vary automatically with sales but are left to the
discretion of management.
pro forma statements - ✔✔A financial statement that projects an estimate for future periods "as if"
sales grew as predicted.
Payout Ratio - ✔✔The percent of net income distributed to the shareholders.
Retention/Plowback Ratio - ✔✔The percent of net income retained in the firm; also called the
plowback ratio.
Sustainable Growth Rate - ✔✔The growth rate that allows a firm to maintain its present financial ratios
without issuing new equity.