A benefit of compiling a short-term financial plan is knowing when your firm should have excess funds that can be invested.

Name: A benefit of compiling a short-term financial plan is knowing when your firm should have excess funds that can be invested.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

A short-term financial plan helps in forecasting cash flows, allowing a firm to identify periods when it will have excess funds that can be allocated to investments or other productive uses.

A Benefit of Compiling a Short-Term Financial Plan Is Knowing