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Financial Plan (Essay) W/ Cash Budgeting Problem (EXCEL)

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*Look to Scenario

*Show how answer in Excel were calculated

*Write Financial Plan based upon Cash Budgeting (excel and scenario) (Include in-text citations and references)

Instructions: 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.
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