A Developing Pro Forma Financial Statements and Cash Flow Forecasts

question 22

Essay

a. Developing pro forma financial statements and cash flow forecasts depends heavily upon sales forecasts. Imagine you are a financial analyst working for a major stockbroker, and you are trying to develop a one-year sales forecast for a major national department store. List five pieces of information you want to obtain to aid you in your forecast, explaining why this will aid you in your forecast.b. Now you have made your best prediction of next year's sales, you want to estimate next year's cost of goods sold. Pick two pieces of information you definitely want to obtain in order to help you with this task, being sure to explain why they will be helpful.

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Definitions:

Overt Actions

Visible or observable behaviors that can be directly seen and measured by others.

African American Psychology

A branch of psychology that studies the experiences, cultures, and historical backgrounds of African American individuals and their impact on mental health and behavior.

Charles Henry Thompson

An influential African-American educator and psychologist best known for his work in education and contributions to the understanding of African-American intelligence and educational attainment.

Francis Cecil Sumner

Recognized as the first African American to receive a Ph.D. in psychology, paving the way for future generations in the field.