Financial Plan
sloaiza76Purpose of Assignment
In this assignment, you will be evaluating a cash budgeting scenario and developing a financial plan for a fictional business.
Assignment Steps
Review the Cash Budgeting Scenario.
Calculate the cash budget using the Cash Budget Worksheet, and use the Cash Budget Worksheet Answers to review your work.
Write a 700- to 1,050-word financial plan in which you complete the following:
- Discuss potential cash budget benefits and pitfalls for the business, including how the budget supports the strategic goal of the business to increase revenue by 10% annually.
- Outline your expected business expenses (e.g. fixed and variable costs, marketing, labor, operations, insurance) and sources of revenue (e.g. funding, sales of products/services).
- Include an income statement, balance sheet, and cash flow statement.
- Explain how you will adjust your small business cash budget to manage contingencies (such as emergencies and market shifts) as well as product and distribution shifts.
- Compare the differences between a cash budget and an operating budget, and explain why both are beneficial.
- Explain why a budget variance analysis is crucial for the operation of a business, and discuss how often a budget variance analysis should be performed.
- Summarize your findings/recommendations.
- 5 years ago
- 30
Answer(1)
Purchase the answer to view it
NOT RATED
- Financialplan.docx
- fin375_r3_wk5_CashBudAnswers.xls
- PlagiarismReport.pdf
other Questions(10)
- RESEARCH
- Well Solution: HLT/362 Workbook exercises 11 and 16
- write a write research assignment using minimum of five scientific sources in my report ! 22222222
- READ before contacting me (Cash Flow Management Considerations Activity)
- Role of Social Media in Business
- EDU 650 Week 2 DQ 1 ( 21st Century Skills Revisited ) ~ ( 2 Different Answers ~ Perfect Tutorial - Latest Syllabus - Scored 100% )
- Statements
- iLab 2 of 6 Employee Class Solution C++
- xdfxgfgfhgjhipo
- case study in managment