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? |
7.
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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