Carlos wants to know the income potential for his computer consulting business during the next five years.Which of the following would be most helpful?

Question

Quizplus · Accepted Answer

A long-term forecast would be most helpful to Carlos as it would project his potential income for the next five years, giving him a better understanding of the future financial prospects for his computer consulting business. Cash flow forecasts and short-term forecasts are more geared towards predicting financial outcomes in the near future, while a capital budget forecast would focus on estimating the costs associated with acquiring assets in the business.

Carlos Wants to Know the Income Potential for His Computer