business plans-miss duddigan

Question 1

what is a business plan

Answer 1

document outline what a business plans to achieve, and how it plans to achieve it

Question 2

what should a business contain

Answer 2

aims and obejectives
marketing and sales stratagys
forecasts

Question 3

what are cash inflows

Answer 3

amount bsuiness recieves e.g from selling goods

Question 4

cash outflows

Answer 4

amount business takes out/paid out e.g wages

Question 5

what is working capital

Answer 5

how much they get paid day to do day working

Question 6

what are cash flow forcasts

Answer 6

amount business expect to flow in and flow out of business in a particualr amount of time

Question 7

hw do you calculate cash flow forecasts

Answer 7

net cash flow=cash inflow-cah outflow
closing balance=opening balance+net cash flow

Question 8

breav even point

Answer 8

point where total fixed costs+total variable costs=total revenue

Question 9

what is break even analysis

Answer 9

tells business how much they need to sell for break even point

Question 10

adv of break even analysis

Answer 10

easy to do
quick
help peruade sources of finace to give money

Question 11

dis

Answer 11

data unrelaible, reults could eb wrong