For this assignment, you will write answers to questions adapted from Chapter 17 prompts. There is no required page length but you should submit your paper using appropriate APA formatting, and 12 point Times Roman font. References are encouraged but not mandatory. 1. Forecasting a firm's future sales is the key element in developing a financial plan, yet forecasting can be extremely difficult in some industries. Explain whether forecasting can benefit your industry. 2. What can you do to improve forecast accuracy within your industry? 3. How would you encourage other financial managers who may believe that the financial planning process is not worthwhile in their industry 4. Create three short-term operating financial plans, a long-term operating financial plan, that aligns with your business strategic plan. Justify reasoning for your plans. Be sure to include the vision, and mission of your organization. 5. What would be the probable effect of each of the following on a firm's cash position and how will you manage this? - A new advertising campaign that results in more rapidly rising sales. - A delay in the payment of the firm's accounts payable. Go to page 569 in your textbook and do questions 171,172, and 173 and submit your answers with this assignment