Proper _________ for businesses means that the financial manager can anticipate the projected operations of the firm. Planning true Decision-making false Management false Controlling false Single It is the commonly used method in preparing forecasted financial statements. Vertical analysis false Sales Method false Percentage-of-sales method true Percentage method false Single It is a base or an estimate of future financial outcomes for a company and are used to develop projections for the statement of financial performance, statement of financial position, and other cash flow forecasts. Cash flow statement false Income statement false Financial statement false Financial forecast true Single It refers to the amount of external funding that the company will be needing to support its target growth on sales. Revenue false Receivables false Additional funds needed true External funds false Single These line items are closely related to sales, except one. Gross profit false Fixed assets true Cash false Trade receivables false Single Performing variance analysis between the current and the forecasted financial statements is the final step in the percentage-of-sales method. TRUE true FALSE false Single A negative computed AFN is an indication that there is a surplus of capital that must be invested elsewhere. TRUE true FALSE false Single Proper planning for businesses means that the CEO can anticipate the projected operations of the firm. TRUE false FALSE true Single AFN means accrued funds needed. TRUE false FALSE true Single Material variances are analyzed for the purpose of improving operations for the upcoming year.  TRUE true FALSE false Single