A benefit of compiling a short-term financial plan is being able to determine when your firm can best afford to spend funds on a capital expenditure.

Question

Quizplus · Accepted Answer

A short-term financial plan helps in forecasting near-term cash flows and financial positions, enabling a firm to plan and determine the optimal timing for capital expenditures based on its financial capacity and needs.

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