Profit Forecast
Definition
A Profit Forecast is an estimate of the future profitability of a business, predicting upcoming income, expenses, and net profits.
Benefits
A profit forecast estimates future profitability based on projected income and expenses, aiding in strategic planning.
Frequently Asked Questions
What is a profit forecast? A profit forecast estimates a business`s future profitability, predicting upcoming income, expenses, and net profits.
What does the income forecast estimate? An income forecast estimates future revenue, expenses, and net profits for a business.
How do you forecast profit and revenue? Forecast profit and revenue by analyzing past performance, market trends, and future business plans.
Summary
Profit Forecast estimates future profitability based on projected income and expenses.