Assignment:
Review the Cash Budgeting Scenario:
Calculate the cash budget using the Cash Budget Worksheet.
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.
Attachment:- CASH BUDGET WORKSHEET.rar