COMMERCE 1E03 Chapter 14: Chapter 14 - Textbook Notes.pdf
9 Apr 2013
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Lo ong term fore sometimes 5 (s: crucial, long te ecast: predict. 10 years) in company"s erm projectio ts revenues, c costs and exp penses for a p period longer than 1 year s long term st ns assist finan trategic plann ncial manage ning ers with prepa aration of com mpany budge ets with budget. B udget: sets fo us se of specific: budge needs, key fin flow st. Operating (ma d ollar allocatio rojected reve p: most d, firm"s. Ca ash budget: e lan for any ca p: assist term i. Identif minim nancial statem tatement aster) budget ons to various enues detailed and m. Bod respons t: highlights a sums of mone estimates a fi ash shortages managers in nvestments fy projected i um cash bala. , operating ex xpenses and s short ncrease or de ance (safety le ecrease in cas evel) sh for the mo onth, and also o maintain age 2 of 11.
