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Explain how management goals are incorporated into pro forma financial statements.
Management put a target goal and forecasters makes pro forma financial statements under the assumption that the goal will be reached. For instance, if management's goal is to pay inedible all short-term notes during the coming year forecasters would incorporate this into the pro forma balance sheet by setting Notes Payable to zero.
What is the meaning of Breakeven point?
What its the net income? Total current assets, plant and equipment, net plant and equipment, our net account receivable?
Crown Co. is expecting to receive 100,000 British pounds in one year. Crown expects the spot rate of British pound to be $1.49 in a year, so it decides to avoid exchange rate risk
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