Answer the following true/false
1.A permanent mortgageis one on which interest only has to be paid
2.A pro?forma incomestatement is an income statement calculated on a cash basis
3.The best way toevaluate feasibility study financial projections is to convert theprojected cash flow figures using net present value (NPV) orinternal rate of return (IRR).
4.The concepts offinancial management are basically the same for both profit andnon-profit organizations
5.Funds raised throughproper financial management should never be invested in assets suchas food and beverage inventories
