Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 18.2, Problem 3TP
Summary Introduction
To discuss: The ways in which short term and long term financial forecast differ.
Introduction: Financial forecasts refer to prediction of future financial outcomes related to income and expense on the basis of historical data of the enterprise.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Why is it important to consider an entrepreneur’s personal finances when conducting the firm's short-and long-term financial forecast?
How important are financial statements and ratios, especially in today's current financial and economic environment of 2023?
Why might a company executive make bold predictions about future demand to Wall Street analysts?
Chapter 18 Solutions
Understanding Business
Ch. 18.1 - Prob. 18.1AQCh. 18.2 - Prob. 1TPCh. 18.2 - Prob. 2TPCh. 18.2 - Prob. 3TPCh. 18.2 - Prob. 4TPCh. 18.3 - Prob. 18.3AQCh. 18.3 - Prob. 1MEDCh. 18.3 - Prob. 5TPCh. 18.3 - Prob. 6TPCh. 18.3 - Prob. 7TP
Ch. 18.3 - Prob. 8TPCh. 18.4 - Prob. 18.4AQCh. 18.4 - Prob. 18.4BQCh. 18.4 - Prob. 18.4CQCh. 18.4 - Prob. 9TPCh. 18.4 - Prob. 10TPCh. 18.4 - Prob. 11TPCh. 18.4 - Prob. 12TPCh. 18.5 - Prob. 18.5AQCh. 18.5 - Prob. 18.5BQCh. 18.5 - Prob. 13TPCh. 18.5 - Prob. 14TPCh. 18.5 - Prob. 15TPCh. 18.5 - Prob. 16TPCh. 18 - Prob. 1CECh. 18 - Prob. 2CECh. 18 - Prob. 3CECh. 18 - Prob. 4CECh. 18 - Prob. 1CTCh. 18 - Prob. 2CTCh. 18 - Prob. 3CTCh. 18 - Prob. 2DCSCh. 18 - Prob. 3DCSCh. 18 - Prob. 4DCSCh. 18 - Prob. 5DCSCh. 18 - Prob. 1PPTCh. 18 - Prob. 2PPTCh. 18 - Prob. 3PPTCh. 18 - Prob. 4PPTCh. 18 - Prob. 1VCCh. 18 - Prob. 2VCCh. 18 - Prob. 3VC
Knowledge Booster
Similar questions
- How can Financial Analysis help in the operation of a business? Why is there a need to conduct business analysis?arrow_forwardWhat is the role of financial planning in the overall planning process, and what specific areas does it cover, such as budgeting, forecasting, and financial analysis?arrow_forward2.How do the three key activities of the financial manager relate? 3.What is the main goal of the financial manager? How does the risk-return trade-off relate to the financial managers main goal?arrow_forward
- How does net cash flow differ from net income and why is that difference relevant to financial decision making?arrow_forwardWhat is meant by a financial plan?arrow_forwardWhat is the role of the management accountant regarding nonfinancial performance measures such asdelivery speed and customer satisfaction?arrow_forward
- Returns means Select one: a. A sum of money borrowed in a bank b. The money invested in a business c. Money placed in a bank d. The profits made on investmentsarrow_forwardExplain how might an executive comments to wall street analyst affect demand forecast, and what are the consequences of doing so ?arrow_forwardDescribe how you can identify opportunities for improving cash flow for an organization financial data and how to capture the data required for the analysisarrow_forward
- What is the role of a financial manager?arrow_forwardEthical Considerations. You are preparing apresentation for your company’s investors. When discussingyour forecasts of next year’s revenues and costs, should youuse your most optimistic projections, your most pessimisticprojections, or your most likely projections. Why?arrow_forwardWhy is it so important to compare a firm's financial statements with those of previous years, those of competitors, and the average of all firms in the industry in which the firm operates?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning