Finance 2.0 / 5 based on 1 rating ? Business StudiesFinancial PlanningASAQA Created by: Joshua JonesCreated on: 21-01-13 16:21 define Budget an agreed plan establishing in numerical terms the policy that will be pursued at and the anticipated outcome of the policy 1 of 8 Give 3 Reasons why you would use a budget Ensure you don't overspend, gain additional finances, more responsibility to staff 2 of 8 Give 3 reasons why you would not use a budget Unforseen changes, may not be SMART, reliable? 3 of 8 define Variance Analysis the process by which the outcomes of the budget are examined and compared to budgeted figures 4 of 8 define cashflow the amount of money flowing in and out of a business over a period of time 5 of 8 name 4 causes of cashflow problems Seasonal Demand, Overtrading, unforseen changes, over investment in fixed assets 6 of 8 name 3 ways of improving cashflow Bank Overdraft, short term loan, sell assets, factoring, sale and leaseback 7 of 8 give the net profit margin (net profit)/revenue *100 8 of 8
Comments
No comments have yet been made