I need a short answer to each of the bellow questions. Why are sales forecasts i

Question

I need a short answer to each of the bellow questions.

Why are sales forecasts important to developing a firm’s financial forecast?

Give some examples of spontaneous and discretionary sources of financing.

What are the basic elements of a cash forecast?

How is a cash budget used in financial forecasting?

Describe the primary types of risks that a firm might face.

What is insurance and how is it used to manage risk?

What is a forward contract? Contrast a forward contract with a spot contract.

What are the limitations of forward contracts as tools for managing risk?

Define and contrast the following types of financial derivatives: Options, futures and forwards

What are the six factors that determine the value of an option contract?

Explanation / Answer

1)

Forecasts are prepared for estimating the firm future performance. Sales for casts are prepared based on the estimated firm and market economic conditions. These sales forecasts helps the firms to better depict the future economic performance.

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