Question

Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She has been doing research to determine prices for the new equipment the company will need in the next 12 months to stay competitive in this market. Which of the steps in financial planning is Takisha involved in?- Developing financial statements for outside investors - Developing budgets to meet financial needs - Establishing financial controls and tax policy - Forecasting short-term financial needs

Answer 1

Forecasting short-term financial needs

Step-by-step explanation:

Takisha is working on determining the amount of money that the company needs to invest in new equipment during next year, so she is forecasting the financial needs for next year (12 months). In financial terms, one year or less is considered short term, and more than one year is considered long term.