Question

Canton Supplies, Inc., is a service firm that employs approximately 100 people. Because of the necessity of meeting monthly cash obligations, the Chief Financial Officer wants to develop a forecast of monthly cash requirements. Because of a recent change in equipment and operating policy, only the past seven months of data are considered relevant.

Answer 1

The subject of this question is Business, specifically related to cash forecasting for a service firm. Canton Supplies, Inc. wants to develop a forecast of monthly cash requirements by analyzing the past seven months of data.

Step-by-step explanation:

The subject of this question is Business, specifically related to cash forecasting for a service firm.

Canton Supplies, Inc. wants to develop a forecast of monthly cash requirements. To do this, they are considering the past seven months of data to determine their monthly cash obligations.

By analyzing the past data, Canton Supplies, Inc. can make informed decisions about managing their cash flow and ensuring they have enough funds to meet their monthly obligations.