rewriting work -- financial plan

12 hrs......

  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:

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.