Business Finance Homework Help

1)When would it make sense to use flexible budget as compared to a forecast budget? (2paragraph)

2)Explain the difference between a horizontal merger and a vertical merger? (2para)

3) How are revenues and expenses defined under the accrual accounting system?

4) Define an ordinary annuity?

5)What is the purpose of working Capital?

6)What is the general rule of thumb about when to borrow long-term or short-term?