Why is it important to project the first-year financial performance on a monthly basis and the subsequent yearly budgets, on a quarterly basis? Explain.
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Why is it important to project the first-year financial performance on a monthly basis and the subsequent yearly budgets, on a quarterly basis? Explain.
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- Hi, help me with providing essay questions for basic terms in income statement?Why 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?Discuss the importance of financial statements to a company and its investors and creditors and whymanagement may take steps to improve the appearance of the company in its financial statements.
- How do I create a pro forma income statement with a revenue increase projection? Where do the figures go in the format?The second essential purpose for creating a business plan is to guide the operation of the company by charting its future course and devising a strategy for following it O to attract lenders and investors to file with the Securities and O Exchange Commission before a public stock offering to attract potential managers and employees to run the new ventureHow can it be determined if the company has sufficient short-term assets to meet its short-term debts? a. Inquire with the accountant, though regrettably, thay are on sick leave b. Comparing Current Assets with Current Liabilities c. Assess if there is adequate margin
- Use the following information to prepare the Juy cash budget for Acco Co. It should show expected cash receipts and cash payments for the month and the cash balance expected on July 31. Question 1 What is net income after taxes? Question 2 What is the amount of total assets? Question 3 What is the amount of retained earnings?Discuss any differences between the budgeting process of a company and budgeting process of a government.Describe the steps in predicting the financial needs of the venture
- 4- Cash flow statement of any company shows the net cash inflow and outflow during a period of time. Which of the following activities are considered while making cash flow statement? a. Cash flow from investing activities b. All of the options c. Cash flow from financing activities d. Cash flow from operating activitiesPractical Activity: Do a short research project on the types of funds that fallunder the auspice of the Pension Funds Act. Identify well-known retirement funds that fallwithin these categories and obtain information about their registration in terms of thePension Funds Act.Explain the importance of financial statements in a given enterprise.