Discuss potential cash budget benefits and pitfalls for the business, including how budget supports the strategic goal of the business to increase revenue by10% annually.
Include income statement, balance sheet, and cash flow statement.
(Kent Tesom scenario)
Outline expected business expenses ( fixed and variable costs, marketing, labor, operations, insurance) and sources of revenue
Explain how you will adjust your small business cash budget to manage contingencies.
Compare cash budget and operating budgeting and explain why both are beneficial.
Explain budget variance analysis and why it’s crucial to operation of business. How should it be performed?
Recommendations? Findings? (Scenario calculations)