The purpose of financial forecasting can best be described
The purpose of financial forecasting can best be described as an answer to which of the following questions?
|What product will produce the most in sales during the next year?|
|How much financing will the firm need in the future?|
|How will an increase in the firm’s tax rate affect the firm’s net income?|
|What is the firm’s current market share?|
What is the main goal of financial forecasting?
|to understand the implications of today’s decisions on tomorrow’s performance|
|to project net income and dividends for the firm|
|to project sales so investors can adjust stock prices|
|to provide a detailed map of a firm’s future|
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