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    Financial Forecasts

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    Write a 200- to 300-word explanation of the reasons the following types of companies would need a financial forecast: brand new company, family-owned company, and a long-standing corporation.

    © BrainMass Inc. brainmass.com June 3, 2020, 11:45 pm ad1c9bdddf
    https://brainmass.com/business/financial-accounting-bookkeeping/brand-family-owned-long-standing-company-295752

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    Basically, all sorts of companies need financial forecast. One needs it more than the other. The basic need that is common across all companies is the ability to plan. You need a financial forecast, so that you can plan your manufacturing operations or servicing operations, predict cash flows and plan when you will need to take out loans to sustain ...

    Solution Summary

    The solution explains the financial forecasts for a brand new company, family-owned company, and a long-standing corporation in 200-300 words. The answer is very easy to understand and can be followed along with anyone who has a basic understanding of the subject. Overall, an excellent response to the question.

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