Question : (a) Describe one way that a projected cash flow budget, : 1383

(a) Describe one way that a projected cash flow budget, a pro forma balance sheet, or a pro forma income statement can be efficiently used for short-term financial planning. (b) Describe one problem that a financial manager may confront in using a projected cash flow budget or pro forma statement for financial planning. (e) Identify an important financial variable whose future value is difficult to accurately forecast, and explain why it is difficult to accurately forecast.