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