Problem
A. Name three important school-related activities that you will not be able to engage in if you do not have enough cash. Explain why each activity is important and why you need enough cash to engage in it.
B. What do you think are the most important assets in your household that will help you achieve your goal of finishing senior high school? Come up with a list of 10 assets and classify them as either fixed or current.
C. Explain how a financial forecast is related to the other elements of the overall strategic plan.
D. Cite some examples of how strengths, weaknesses, opportunities, and threats are taken into account when making financial projections.
E. Why is depreciation deducted from the total overhead budget to compute for the cash disbursement for overhead?