Business Finance

6. A business that is legally separate from its owners (Brealey et al., 2023).
7. Current (blank): the ratio of a company's current assets to its current liabilities (Watson, Head and Chan, 2023).
9. (Blank) Capacity: A firm's optimal amount of debt (Brealey et al., 2023).
10. Ability to sell an asset on short notice at a close to the market price (Brealey et al., 2023).
11. (blank) Funds: Steps taken by management to increase the likelihood that the objectives set down while planning are attained and that all parts of the organisation are working together toward the same business goal (Atrill & McLaney, 2011).
12. (Blank) Finance: Estimation and understanding of financing requirements, evaluation of options to raise funds, and preparation of budgets to achieve objectives (Atrill & McLaney, 2011; Gitman & Zutter, 2013).

1. (Blank) Assets: short-term assets in the financial position statement that are expected to be used within a one-year time period (Watson, Head and Chan, 2023).
2. (Blank) Funds: Business activities connected with the allocation of funds to business functions or activities to ensure efficient use of funds (Gitman & Zutter, 2013).
3. (Blank) Profit Margin: After-tax operating income as a percentage of sales (Brealey et al., 2023).
4. (Blank) Funds: Business activities connected with identifying possible financing options, evaluating them, and choosing the most suitable option (Gitman & Zutter, 2013).
5. Mean squared deviation from the expected value; a measure of variability (Brealey et al., 2023).
8. (Blank) Finance: Activities connected with the management of funds to meet the needs of operations and to achieve the goals and objective of a company (Gitman & Zutter, 2013).