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Unformatted text preview: A family owned company will need this same information for any loans to be taking out. This will also show that they are able to make a profit. If the company is already established they will be able to show profit statements they already have. The company will be able to show cash they have to put back into the company as well. The long standing corporation will need all this same information. They may need it for outside investors along with banks to receive loans. Most long standing companies will have a good establishment with customers along with a good profit margin. This is the reason a brand new company, a family owned company and a long standing company would need a financial forecast....
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This note was uploaded on 06/19/2011 for the course FIN 200 200 taught by Professor Markempasis during the Spring '09 term at University of Phoenix.
- Spring '09