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.
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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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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 ...
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