Why budgeting is an essential part of a business plan

Assignment Help Corporate Finance

Reference no: EM131017826

Business Plan Discussion - 2 pages

Must be in APA format with references. 2 pages required.

Relate your discussion of the following issues to a business plan for a proposed Open MRI Clinic.

a. State three reasons why budgeting is an essential part of a business plan.

b. Discuss how financial statement information, including ratio analysis, would assist an Open MRI Clinic in its business planning.

c. Discuss the significance of breakeven analysis to business planning.

Reference no: EM131017826

Questions Cloud

What was the balance of accounts receivable on january : What was the balance of accounts receivable on January 1, 2016, if $190 in accounts receivable were written off during 2016 and if the allowance account had a balance of $930 on December 31, 2016?a) $42,000.b) None of these answer choices are correct..

What accounts receivable balance would dinty report : What accounts receivable balance would Dinty report in its first year-end balance sheet?a) $408,700b) None of the above is correct.c) $429,200d) $377,900

What is the balance in the allowance for sales returns : What is the balance in the allowance for sales returns account at the end of 2016?

Create an argument for the use of principles : Create an argument for the use of principles-based accounting for leases over rules-based accounting under GAAP, based on the financial statement restatements in the restaurant industry.

Why budgeting is an essential part of a business plan : State three reasons why budgeting is an essential part of a business plan. Discuss how financial statement information, including ratio analysis, would assist an Open MRI Clinic in its business planning.

Describes how each reason pertains to an open mri unit : Describes how each reason pertains to an Open MRI Unit; do not merely recite the reasons given in the Lecture and Research Update and Required Readings.

Draft a mission statement for the open mri unit : Draft a mission statement for the Open MRI unit. Discuss eight (8) factors you considered when drafting the statement. Be sure that your discussion is specific to an Open MRI clinic.

General geographic location : Identify one nation (not the USA or Canada) that falls under each classification and for each of the three nations, report: 1) their general geographic location, 2) per-capita GDP and 3) ranking on the latest UN Human Development Index.

Which source of power is indira using : Indira Patel has been working in her organization's computer security department for the past 10 years. If another employee follows Indira's recommendations in a given situation, based on her expertise in computer security, which source of power i..

User Account

All Pages