Question

The majority of business owners the Instructor has met do not use any long-term financial planning...

The majority of business owners the Instructor has met do not use any long-term financial planning process for their company. What would you say are the pros and cons of developing and using long-term financial plans for a company?

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
The majority of business owners the Instructor has met do not use any long-term financial planning...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • How well do you think small businesses do long-term financial planning and cash budgeting? If you...

    How well do you think small businesses do long-term financial planning and cash budgeting? If you were a consultant to a small business, what would be your advice to them in developing financial plans and cash budgets? Cash flows are obviously what keep the company running smoothly. However, many companies choose to hold large amounts of cash. What are some possible negatives that could arise from a company hoarding large amounts of cash?

  • Financial Planning is an essential element in virtually all aspects of business and personal financial management....

    Financial Planning is an essential element in virtually all aspects of business and personal financial management. Financial planning may be short-term and long-term. Financial planning will change to meet the needs of business and as our life changes (college, marriage, divorce, children, retirement, buying a car/home, etc.) Discuss the importance of financial planning, how it may change, how much money will you need to retire, what factors should be considered (how long you plan to work, does your company offer...

  • 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?

  • 1. Explain the impact that an aging population has on long-term health care. In what ways...

    1. Explain the impact that an aging population has on long-term health care. In what ways are the various personal care facilities alike? In what significant ways are they different? 2. You are the president of LTC Insurance Company and are testifying before a Senate committee on long-term care. You are asked two questions: Why do only a few million people carry private long-term care insurance? How do you answer the complaints that senior citizen advocacy groups make about the...

  • I need number 1 & 2. 90 PART 2 Financial Statements and Long Term Francial Planning...

    I need number 1 & 2. 90 PART 2 Financial Statements and Long Term Francial Planning own and fly their own airplanes. The company has two models the Birdie, which sells for $103.000, and the Eagle, which sells for $178,000 Although the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the com pany can complete the manufacture of an airplane in only five weeks. The company also...

  • The owners pete and peggy peterson have about 10,000 dollars invested in the business. Their desires...

    The owners pete and peggy peterson have about 10,000 dollars invested in the business. Their desires rate of return on this investment is 10 percent. what volume of business must be generated to reach this ROE (Rate of equity) goal. show in DOLLARS AND PIZZAS. both the question and information are in the photos 2. The owners, Pete and Peggy Peterson, have about $10,000 invested in the business. Their desired rate of return on this investment is 10 percent. What...

  • Inventory 933,400 Total current assets $ 1,967,860 Long-term debt $ 5,050,000 Fixed assets Owners' equity Net...

    Inventory 933,400 Total current assets $ 1,967,860 Long-term debt $ 5,050,000 Fixed assets Owners' equity Net plant and equipment $15,411,620 Common stock $ 322,500 Retained earnings 9,233,930 Total equity $ 9,556,430 Total assets $17,379,480 Total liabilities and owners' equity $17,379,480 Click here for a description of Table: Mini Case: Tuxedo Air Inc. 2015 Statement of Financial Position. Ught Airplane Industry Ratlos Lower Quartile Medlan Upper Quartile Current ratio 0.50 1.43 1.89 Quick ratio 0.21 0.38 0.62 Cash ratio 0.08 0.21...

  • please do both questions 68. 69. Jeremiah has a long-term savings plan. For 10 years, he...

    please do both questions 68. 69. Jeremiah has a long-term savings plan. For 10 years, he has been investing $150 a month, earning 4.25% interest compounded monthly. How much more would he have saved if he had chosen to make deposits of $200 a month? When using the financial calculator, be sure to indicate what you have entered for each parameter, to receive full marks. (5 marks) Darren is 30 and is debating whether he should start investing $100 a...

  • You are the financial manager of a small ice cream company, planning to launch a new...

    You are the financial manager of a small ice cream company, planning to launch a new product. This is a small chocolate-coated ice cream, containing no colouring or flavouring additives, available in a wide range of different varieties aimed at the children’s market. It will be produced as a boxed unit containing 24 ice creams. Prepare an information paper for senior managers within the company which explains the key financial statements comprising business accounts. It should describe each type of...

  • Research and then discuss the implications of financing through debt as they compare to financing through...

    Research and then discuss the implications of financing through debt as they compare to financing through equity. What are the pros and cons of each method? Which method would you use to raise capital for your business? Using the 2017 Annual Report information provided for Amazon and Target, review and compare the debt to equity ratios, and any additional notes/disclosures relative to debt and equity financing for both companies. Do you believe that each company has made the best decisions...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT