Premium Essay

Financial Plan

In: Business and Management

Submitted By xerosis
Words 647
Pages 3
ORGANIZATIONA PLAN – Simply present the organizational chart filled-out with the hierarchy of positions per department. State the job descriptions of each entity. Please follow the outline on how to present in the documentation.
FINANCIAL PLAN – The figures below are only samples. Variables may vary depending on the proposed project. Please follow the outline on how to present the plan.
Operating and Capital Budgets
A Sample Manufacturing Budget for First three Months (P000s) | Jan. | Feb. | Mar. | Projected sales (units) | 50 | 60 | 70 | Desired ending Inventory | 3 | 2 | 6 | Available for sale | 53 | 62 | 76 | Less: beginning inventory | 0 | 3 | 2 | Total production required | 53 | 59 | 74 |

A Sample Operating Budget for Three Months (P000s) Expense | Jan. | Feb. | Mar. | Rent | P10 | P10 | P12 | Utilities | 3 | 3 | 3 | Salaries | 12 | 12 | 15 | Depreciation | 5 | 5 | 5 | Insurance | 2 | 2 | 2 | Advertising | 12 | 12 | 18 | Catalogs | 3 | 4 | 8 | Total operating expenses | P47 | P48 | P63 |

Pro forma Income Statements
MPP Plastics, Inc., Pro forma Income Statement, First Year by Month (P000s) | July | Aug. | Sept. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | May | June | Sales | 40.0 | | | | | | | | | | | | Less: cost of goods sold | 26.0 | | | | | | | | | | | | Gross profit | 14.0 | | | | | | | | | | | | Operating expenses | | | | | | | | | | | | | Selling expenses | 3.0 | | | | | | | | | | | | Advertising | 1.5 | | | | | | | | | | | | Salaries and wages | 6.5 | | | | | | | | | | | | Office supplies | 0.6 | | | | | | | | | | | | Rent | 2.0 | | | | | | | | | | | | Utilities | 0.3 | | | | | | | | | | | | Insurance | 0.2 | | | | |...

Similar Documents

Free Essay

Financial Plan

...The following example provides a realistic example of some of the benefits that a financial plan can provide. Marke & Cher Daler In many financial planning cases, there are one or more variables that have a substantial impact on the results of the analyses. Sometimes these variables are unknown at the...

Words: 6602 - Pages: 27

Premium Essay

Financial Plan

...Financial Plan A. Total Project Cost B. Sources of Financing C. Projected Financial Statements 1. Projected Cash Flow Statement 2. Projected Income Statement 3. Projected Balance Sheet D. Profitability Indices 1. ROI 2. Break-Even Point (Table) E. List of Assumptions Used F. Schedules / Notes to Financial Statements 1. Projected Cost of Goods Sold (Table) 2. Depreciation Schedule (Show how depreciation for machinery and equipment is computed) FINANCIAL PLAN FORMAT A. Total Project Cost Pre-operating Expenses Item 1… xxx Item 2… xxx xxx Marketing Expenses xxx Production Expenses xxx Administrative Expenses xxx TOTAL PROJECT COST for ONE YEAR XXX B. Sources of Financing (Where will you get the funds for starting your business?) EXAMPLE: Personal Contribution Each member of the group will contribute… Loan from a Cooperative Part of the capital will be loaned from a coop account… C. Projected Financial Statements (Table (10 months)) 1. Projected Cash Flow Statement (Sample Format ONLY....

Words: 316 - Pages: 2

Premium Essay

Financial Plan

...Present financial situation vs desired financial situation. Present financial situation- working for hourly pay and barely able to pay the bills. No benefits. No Insurance. Desired financial situation- Better pay ( salary pay). Benefits, Medical insurance. The ability to live comfortably What is necessary to get there?- finish school and obtain a business degree. Get a better paying job abd work my way up. Invest wisely and purchase affordable medical insurance. 3. Action Plan I will need to finish school and obtain my Bachelor’s degree. Get a job with a company that offers a 401K. Establish a savings account that gains interest. Also invest in an IRA for retirement purposes. 4. Importance of retirement planning. It is super important to plan for retirement. Social security only supplements your income while you are retired. You need to plan accordingly, so you are not left financially unstable in your end stages of life. If you are able, you should also have employment that offers payment while you are retired. 5. What effect will federal and state taxes have on estate planning? What will you do to prepare? You will need to prepare accordingly so you are able to pay taxes. You have to pay taxes if you buy, sell . or inherit any estate. You will need to make sure you set enough money aside to pay all of the taxes. Have a savings account. Or if necessary, when borrowing money to purchase, borrow extra to cover expenses....

Words: 316 - Pages: 2

Premium Essay

Financial Plan

...Financial Plan The financial plan shall be essential if we are to meet our objectives. The intention is to finance growth through cash flow and equity. One of the most important factors will be the payment terms as agreed between the client or customer. We can't push our customers hard on collection days, because they are extremely sensitive and will normally judge us on our terms. Therefore there is need to develop a permanent system of receivables financing systems mutually agreed between both parties. Hence in the financial plan we intend to have the following: 1. A fundamental respect for giving our customers value, and for maintaining a healthy and congenial workplace. 2. Cash flow as first priority, growth second, profits third. 3. Respect for realistic forecasts, and conservative cash flow and financial management. 7.1 Important Assumptions The financial plan depends on important assumptions. From the beginning, we recognize that payment terms and hence collection days are critical, but not a factor we can influence easily. At least we are planning on the problem, and dealing with it. Interest rates, tax rates, and personnel burden are based on conservative assumptions. Some of the more important underlying assumptions are: * We assume a strong economy, without major recession. * We assume, of course, that there are no unforeseen changes in economic policy to make our service immediately obsolete or unwanted....

Words: 834 - Pages: 4

Premium Essay

Financial Plan

...Financial Plan Ginger Talley AB104 Personal Financial Management Kaplan University Prof. Denise Schoenherr 07/12/2016 I have learned that I am going to have to do some more research and see how I can put some more money towards retirement. From reading the News Release on the ssa website the year that the funds are projected to become depleted I will just become eligible for early retirement and five years later eligible for full retirement and then I would need to work another three years to be able to survive retirement if I am depending on what I paid in from the time that I started working. It will be eight years after the money is depleted that I would need the money that I have been paying in since I was sixteen, that looks like I will never see. So if the money that they are taking out of what I earned is not going to be there when I need it then why am I having the government put aside money for me that will not be there?  I think they need to stop taking my money and let me put it into an account so that I can make sure that it will be there when I need it and not depend on the government to make sure that I get back what I have paid in because it looks to me like they are not going to be able to give me my money back. According to Mandell (2014) some retirees are fortunate to have sufficient regular income to meet their retirement needs. However, for most of us, only part of our needed income, most commonly Social Security, is protected against inflation....

Words: 940 - Pages: 4

Premium Essay

Financial Plan

...Table of contents 1.   Executive  Summary  ..................................................................................................  3   2.  Service  Policy  and  Disclaimers  ................................................................................  4   3.  Family  Profile  .................................................................................................................  6   4.  Goals  and  Objectives  ....................................................................................................  8   4.1.  Short-­‐term  Goals  ................................................................................................................  9   4.2.  Mid-­‐term  Goals  ....................................................................................................................  9   4.3.  Long-­‐term  Goals   ..................................................................................................................  9   5.  Risk  Profile  ...................................................................................................................  10   5.1.  Risk  Profile  Conclusion  ..................................................................................................  12   5.2.  Risk  Recommendation ......

Words: 16427 - Pages: 66

Premium Essay

Financial Plan

...Financial Plan Michael Weis Introduction I graduated from Missouri Southern in May 2013 with a degree in accounting and in finance. I started my career, working for my father at Evergreen Investments. We are a company that our main objective is to manage and grow the Plaster family's money. On a day to day basis, I deal with accounting, management decisions, and also investment decisions. Goals Most of my financial goals are long term. I plan to be able to save enough to live a comfortable life after retirement. I also plan to grow my savings by way of managing my own investments. This goes hand in hand with my job, and I feel like my job will help me manage and grow my own wealth. As far as short term goals go, I would like to save money in order to buy my first house, get married, and live a comfortable life....

Words: 2229 - Pages: 9

Free Essay

Financial Plan

...Financial Plan List of Financial Assumptions General * The maximum number of incorporators is 5 members * The term of existence of the company is for 10 months from October 2014 to July 2015. * For 10 months of business operations, 9 months will be used for production / operations and marketing. 1 month for Auditing and Dissolution * Full subcontracting is allowed from the start of business operations * No maximum capital contribution * Accrual Basis of accounting Project Cost Statement * Cost Covered will be for the first two month of operations * Fixed capital outlay consists of tools, equipment and machines purchased Budgets * Worker’s wages are P _____ / hour (use the actual worker’s minimum wages – see minimum wage law and should be based on the industry they belong to) * 8 hours of production in a week (if not full subcontract) * Overtime rate is P _____ / hour (+ 25 % of minimum worker’s wages) (If you use P 10 / hour as your worker’s wage, then overtime rate is P 12.50 / hour – if not full subcontract) * Number of group members (partners or incorporators) will remain constant for the entire life of the firm * Inflation rate is ______ (applied to materials or supplies) * If the group would use one of the proponent’s residence as their plant site, the plant site/office site rent is P 300 / month (Inclusive of Utilities)....

Words: 879 - Pages: 4

Premium Essay

Financial Plan

...LAWS OF KENYA The ConsTiTuTion of Kenya Revised Edition 2010 Published by the National Council for Law Reporting with the Authority of the Attorney General 2 Constitution of Kenya [Rev. 2010 THE CONSTITUTION OF KENYA ARRANGEMENT OF ARTICLES PREAMBLE CHAPTER ONE—SOVEREIGNTY OF THE PEOPLE AND SUPREMACY OF THIS CONSTITUTION 1—Sovereignty of the people. 2—Supremacy of this Constitution. 3—Defence of this Constitution. CHAPTER TWO—THE REPUBLIC 4—Declaration of the Republic. 5—Territory of Kenya. 6—Devolution and access to services. 7—National, official and other languages. 8—State and religion. 9—National symbols and national days. 10—National values and principles of governance. 11—Culture. CHAPTER THREE—CITIZENSHIP 12—Entitlements of citizens. 13—Retention and acquisition of citizenship. 14—Citizenship by birth. 15—Citizenship by registration. 16—Dual citizenship. 17—Revocation of citizenship. 18—Legislation on citizenship. CHAPTER FOUR—THE BILL OF RIGHTS Part 1—General Provisions relatinG to the Bill of riGhts 19—Rights and fundamental freedoms. 20—Application of Bill of Rights. 21—Implementation of rights and fundamental freedoms. 22—Enforcement of Bill of Rights. 23—Authority of courts to uphold and enforce the Bill of Rights. 24—Limitation of rights or fundamental freedoms. 25—Fundamental Rights and freedoms that may not be limited. Rev. 2010] Constitution of Kenya Part 2—riGhts and fundamental freedoms 3 26—Right to life. 27—Equality and freedom from......

Words: 50977 - Pages: 204

Free Essay

Financial Plan

...Therefore different mortgage plans should be compared among banks so that I can choose the one that suits me most. Another cost that should be considered is tax expense. This includes stamp duty, GST and capital tax. Buying a house has the following benefits: ➢ Cut cost of renting No cost would be spent on renting since I own my own house. ➢ Growth of house The value of the house may increase in time. ➢ Tax benefit Interest payment on mortgage would be tax deductible ➢ Capital Gain Tax main residence exemption On purchase, if the taxpayer moves in it as soon as practicable it will then be treated as the main residence form the time the dwelling was required. Main residence is usually exempted from CGT events. The downsides would be as...

Words: 499 - Pages: 2

Free Essay

Financial Plan

...| | | | | | | | | | | 2015 Budget – Year 5 | | 2013 | Jan. | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | INCOME | | | | | | | | | | | | | | Maximus | 50748.84 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | 4682.69 | | | | | 50748.84 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | 4229.07 | EXPENSES | | | | | | | | | | | | | | Mortgage | 18636.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | 1553.00 | Hydro | 1200.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | Condo Fees | 3794.40 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | 316.20 | Condo Insurance | 168.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | Transportation | 1605.00 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | 136.42 | Clothing/Care | 2600.04 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | 221.00 | Cell Phone | 924.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | 77.00 | Internet | 960.00 |......

Words: 494 - Pages: 2

Premium Essay

Personal Financial Plan

...Personal Financial Plan Part 1 Laura Grundowski Abstract This paper will discuss the beginning of my personal financial plan. It will also outline said plan into a budget that will be put to use throughout the next few months. Budgeting is a vital part of managing one’s personal finances. When beginning to budget one must pinpoint the sources of cash inflows and cash outflows. Having knowledge of your personal financial situation is also necessary in managing personal finances. If done right, personal financial statements provide information on current financial positions and help pave the way for financial success. Goal setting is most successful for me when I begin with short term goals. For short term, one of my goals is to establish a short vacation fund with which I can go on a birthday weekend vacation somewhere up north. I estimate that I will need roughly $400 by January 1st, and that I will need to save $34 per week for the next few months to achieve this goal. A second short term goal is to save pay off my $400 credit card balance on my Capital One. I estimate that I can make payments of about $80 per month for the next 5-6 months to pay the balance in full with additional interest that will accumulate. My intermediate goal is to begin saving for a wedding. Once my credit card bill is paid off, I can switch the $80 payment from the credit card to this goal. At the time of purchase, I expect to have saved $4,800....

Words: 1067 - Pages: 5

Premium Essay

Capital and Financial Plan

...Capital and Financial Plan Expansion Plan To support the rapid growth and further cost reductions, our company plan to re-design the factory layout by integrating factory A and factory C (see Appendix 1). We expect the whole operation will be run in a more coordinated manner after the integration. The production process will be streamlined to reduce waste in labour hour and materials costs. The integral parts of achieving the synergies will be moving to factory C and fitting additional equipment into factory C. After moving into C, factory size will be increased from 2,750 square meters to 4,100 square meters and the capacity increased from 420 to 1,000 cars per year. Timeline of moving to C and fitting additional equipment: The total capital expenditure for the expansion and growth strategy is detailed in Appendix 1. Financial Projections Our growth has been very strong - 72% by end of19X3....

Words: 1065 - Pages: 5

Premium Essay

Evaluate a Financial Plan

...Evaluate a Financial Plan FIN/420 December 10, 2012 Evaluate a Financial Plan Financial planning is part of life and planning early in life makes saving and paying for expenses easier. From the monthly budget to a retirement plan organizing ones money to pay for future needs is important. This Evaluation for a Financial Plan starts with insurance needs, making the most on interest on one’s savings, types of loans, and asset allocation. Each area of the financial planning process needs to be addressed in order to make future goal financial goals. Personal Insurance Needs Everyone generally understands that they need at least health insurance, car insurance, and mortgage or renters insurance. Many people, especially when they are younger, forget or decide they do not need life insurance! This is probably the most important insurance to someone with a family because it takes care of loved ones should someone pass away early. There are four main types of life insurance: term, whole, universal, and variable life insurance. Term life insurance is the most basic and is typically what younger individuals choose to start with because of its low premiums. Term life insurance will not have cash value and will only last for the stated term set forth. This is generally best for people who need insurance for a shorter amount of time until they can afford higher premiums for a different product. Whole life is the second form of life insurance....

Words: 2144 - Pages: 9

Premium Essay

A Biblical Financial Plan

.... | Item | Amount | New Home | $100,000-$200,000 | New Car | $25,000 | | | | We would have the following type of lifestyle: (increase, decrease, or maintain present level) | Maintain present level with a minor increase | PAY OFF DEBT | | We would have paid off the following debts: | Owed to | Total | Student Loans | $48,500 | BEGIN BUSINESS | | We will have started our own business, which will require an investment of: | Not interested in owning a business at this point in my life | | FINANCIAL INDEPENDENCE | | We will have the following investments: | Type of Investment | Amount Invested | Annual Return | | | | | | | | I would like to pass on to my spouse (children) the following estate: | My home and assests I would pass on to my children | | We will have the adequate investment income to support our lifestyle of: | $ 3000-3500 per month | a. Include a brief discussion of your Vision for the Future and any changes that you...

Words: 495 - Pages: 2