Assistance required with finding background information on these financial questions. Please include in-text citations and references used.
Question 1. Fixed vs variable costs - What are the basic differences between fixed and variable expenses and how do you consider these in a financial plan?
Question 2. Financial planning - How are investment decisions related to financing decisions?
Question 3. Investment and financing decisions - Identify the steps in the financial planning process
Question 4. Pro forma financial statements - What are pro forma financial statements and why are they important part of the financial planning process?
Question 5. Strategic planning - Explain why strategic planning is the most crucial planning step.
Question 6. Financing plan - Explain why financing plan sets for the ways in which the capital projects will be financed for a firm.