A ________ forecast predicts the revenues, costs, and expenses a firm will incur for a period longer than one year.
A) cash flow
B) short-term
C) capital expenditures
D) long-term

Question

Quizplus · Accepted Answer

Long-term forecast predicts the financial performance of a firm for a period longer than one year, including revenues, costs, and expenses. Cash flow forecasts predict the inflows and outflows of cash for a specific period, while short-term forecasts predict the financial performance for a period of up to one year. Capital expenditures are forecasts that predict the investments in long-term assets that a company will incur.

A ________ Forecast Predicts the Revenues, Costs, and Expenses a Firm