What is the purpose of a financial plan? How do financial projections contribute to that?
Question:
What is the purpose of a financial plan? How do financial projections contribute to that?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
The purpose of a financial plan in a business context is to provide a roadmap for managing the financial aspects of the venture effectively It encompasses various elements such as budgeting forecastin...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Entrepreneurial Finance
ISBN: 9780199744756
8th Edition
Authors: Marco Da Rin, Thomas Hellmann
Question Posted:
Students also viewed these Business questions
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
A carefully crafted vision statement can help you communicate your company's goals to employees and management in a single sentence or a few concise paragraphs. While a well-thought-out statement may...
-
Audit evidence is the information gathered and used by the auditor in arriving at the conclusions based on which the audit opinion will be made. It includes the information contained in the...
-
The boundedness theorem shows how the bottom row of a synthetic division is used to place upper and lower bounds on possible real zeros of a polynomial function. Let P(x) define a polynomial function...
-
Coney Island Entertainment issues $1,000,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Calculate the issue price of a bond and...
-
Write as a percent 1/2
-
Your best friend is considering a career in sales. What are the benefits of a sales career that you would share?
-
Given that tG = -212.7 kJ mol-1 for the reaction in the Daniell cell at 25C, and b (CuS04) = 1.0 x 10-3 mol kg-i and b (ZnS04) = 3.0 x 10-3 mol kg-I, calculate (a) The ionic strengths of the...
-
Glade, Inc. is trying to decide whether to increase the commission-based pay of its salespeople. Currently, each of its five salespeople earns a 8% commission on the units they sell for $100 each,...
-
What is the difference between financial statements and financial projections? What are they needed for?
-
Why is the Venture Evaluation Matrix on its own not enough to make final investment decisions?
-
Atlantis Companys ending inventory is understated $4,000. The effects of this error on the current years cost of goods sold and net income, respectively, are: (a) understated, overstated. (b)...
-
Pink Jeep Tours offers off-road tours to individuals and groups visiting the Southwestern U.S. hotspots of Sedona, Arizona, and Las Vegas, Nevada. Take a tour of the companys Web site at...
-
The following are unrelated accounting practices: 1. Pine Company purchased a new \(\$ 30\) snow shovel that is expected to last six years. The shovel is used to clear the firm's front steps during...
-
Identify whether the following statements are true or false. 1. One argument for IFRS is that there is less globalization in the world. 2. IFRS is accepted as GAAP in every country of the world. 3....
-
You will need isometric dot paper for this question. Part of a pattern using four rhombuses is drawn on isometric dot paper below. By drawing two more rhombuses, complete the pattern so that it has a...
-
Fred Flores operates a golf driving range. For each of the following financial items related to his business, indicate the financial statement (or statements) in which the item would be reported:...
-
Based on the data presented in Exercise 5-24 for Arbutus Furnishings Company, journalize the closing entries. In exercise On December 31, 2015, the balances of the accounts appearing in the ledger of...
-
At 31 December 20X9, the end of the annual reporting period, the accounts of Huron Company showed the following: a. Sales revenue for 20X9, $ 2,950,000, of which one- quarter was on credit. b....
-
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
-
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
-
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...
Study smarter with the SolutionInn App