4. SALES FORECASTS Why do you think most long term financial planning begins with sales forecasts?...
4. SALES FORECASTS Why do you think most long term financial planning begins with sales forecasts? Stated differently, why are future sales the key input?
Homework Answers
Any kind of financial planning or budget planning would begin with future sales forecasts.
This would then input into the operations planning, production planning and procurement planning.
Ideally sales forecast would include the company's aspirational market share and market demand. This would then lead to the target revue and profits for the company.
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4. SALES FORECASTS Why do you think most long term financial
planning begins with sales forecasts?...
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Long-term Financial Planning In-class Exercise The most recent financial statements for 7 Seas, Inc. are shown here Income Statement Balance Sheet Sales Costs Taxable income Taxes (35%) Net income $4,600 Current assets $6,084 Current liabilities S1,244 3840 Fixed assets 5,183 Long-term debt 2,487 Equity 760 266 Total $494 $11,267 Total 11,267 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm...
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