March 7th, 2014 | La Grand 1520 Financial |
Hi, I was wondering what I should put in a spreadsheet financial projection in my business plan. What are the catagores. I. E Money Future? Dates, such as professional CATEGORIS I have to put? I do not know. . Any input appricieated rich taste. Basically … You need and all the budget (budget means future projection) generally leave at least 3 years on a monthly basis. I hope to have some accounting knowledge or you may have trouble following this. Its objective is to produce an income statement, balance sheet and cash flow statment all for a minimum of three years, if the search for a loan from a bank or a venture capital company, time periods may require even larger , and up to 8 years out. Although 3 should be good for most investors, banks and even yourself. There will be several pages to this budget, I will suggest that you create in Microsoft Excel. Part Ok first page of your budget is the sales budget. For almost any item or service that you offer a list of the estimated number of sales, followed by the retail price and then multiplied to get the total. List of the second variable costs associated with each product or service budget as before. The above quote is exactly the same, but instead of using the sale price of your use of variable cost (cost of merchandise only if the product business, cost of services if the budget make service) the cost pay per item you sell. This budget will allow you to reach the gross profit on sales. Third Schedule of the rest of your expenses in any order, but broken in this way, starting the budget costs (equipment lists, land, buildings, patents, trademarks, rights of incorporation, anything associated as an expenditure pay before your open house is not a regular expense, rent would not go here), the Budget Work (lists personnel costs, including his own salary), buget Occupation (all costs associated with the building in that business income, property tax, utilities and maitenance) marketing budget (all advertising costs as the cost of the copies of handouts or yellow pages advertising) then your budget is Operating (depreciation and amortization of fees or expnses not mentioned anywhere else you may have). Always try to stay on the conservative side with estimates and is not a bad idea to several espense account to offset some places you may have underestimated. NOTE make sure costs do not overlap in the budget the cost of the product / service in any of expenditure budgets. Part IV then from there you will make income statment, balance and flow statemnt chash after having all accounting data. Then the last fifth part is to make a list of the assumptions made in preparing budgets, as the month of consistent growth in sales month calculated. What is the estimate, in percent terms? Part Six also suggested he could do and bar graph statement (I suggest you do) to show income over expenditure of revenues should stedily grow over time and expenses whould be fairly constant, but also increasingly more evenly over time by Gose, the bars should not be nervous from month to month, looking at you crazy if anyone saw it. Other tips / pointers (see option-sixth of pointers too) Oh, we usually anticipate a loss for the first year (revenues may exceed costs in a month twords the end of the year, but as long as the total of all months in the first year is a loss). People will not know what you are taking about what if you think you're so hot that you can get some benefit from the post. This process takes time because you need to reseach your expenses to obtain accurate estimates, but is it really worth it, even if you are using it for personal reasons and not looking for an investor or a bank loan.
Tracing precedents and dependents recommendations formulas: 1. View 720p 2. View in full screen.
March 6th, 2014 | La Grand 1520 Financial |
I am writing an article on financial education, but not really know what the term means exactly. Can you generalize for me? Also, what are the pros and cons of financial education as a requirement for graduation from high school? If you could help answer these questions for me, that would be great. Thank you. I was happy to learn … Department of Public Instruction of my state provides a model curriculum for personal financial education for high school graduates. A. The corresponding yields and Education Students understand the relationship between education, income, race and desired lifestyle and develop planning skills necessary to achieve the financial goals: In the following powers and it listed reasons desired. Justification: The establishment of short-range and long-range financial goals is an essential part of financial education. This process begins while a person is in school and continues throughout life. A clear understanding of the interrelationship of educational attainment, career choice, entrepreneurial attitudes, economic conditions, and desired lifestyle will help shape the goals and increase the likelihood of reaching them. B. Students in Money Management manage money effectively by understanding and developing financial goals and budgets. Justification: Money management is the basis of being financially responsible. Learn to plan, develop, operate and maintain a personal budget is the first step to be able to make successful financial decisions and decision quality. The ability to apply positive money management skills, set financial goals, understand the strategies and cash flow are the next steps that allow students to be responsible consumers in our society. C. Credit and Debt Management in Students take informed decisions about incurring debt and assume debt creditworthiness and economic security is maintained. Rationale: Most people incur debt and borrow for major purchases such as a house, car, education and / or business. The ability to choose sources and most advantageous ways to finance has long-term benefits. It is essential to make informed when incurring debt decisions, to understand the true costs of credit, and develop skills to manage existing debt. D. Planning, saving and investing in students understand the value, features and planning processes related to saving and investment, and be able to implement long-term this knowledge and wealth to financial security. Justification: Financial institutions, investment options, financial avenues for research, economic history and the return on investment, and proper application of basic economic principles are essential features of planning, saving and investment. Using the information from these and other sources will lead to wiser decisions for the family and individual financial planning business. E. Becoming a critical consumer students know and use the resources available and consumers make responsible decisions for the application of economic principles in their consumption decisions. Rationale: The increasing range of choices of products and services makes it essential that people know where their resources, rights and responsibilities as consumers. This includes understanding the role of contextual factors in decision-making, and the role of advertising, sales techniques, consumer laws, and consumer organizations. The ability to analyze the opportunity costs, the value and benefits of products and services is an essential skill for consumers. F. Students Community and understand financial responsibility in the personal and social impact of their financial decisions within the family, the local community and the global community as well as the ethical and legal considerations in the generation of income, gain, and personal wealth. Justification: The wider implications of personal financial decisions have never been more critical than in the expanding global economy today. Current reality and potential of the construction and use of personal wealth includes the need for a sense of responsibility towards the community and the recognition of their interdependence. This also requires an understanding of the legal rights and responsibilities, and is part of being a good citizen. G. Students Risk Management include the nature and role of insurance in financial planning and be able to analyze and balance the risks against the benefits of financial planning. Justification: Major, needs or unexpected financial losses can affect the financial situation of an individual or family for years. In addition to avoiding excessive risk on savings and investment, the contemporary economy also requires insurance, including life, property, health, liability, and disability are part of staff, family and business financial planning . Too Your state may have a curriculum of these models. . You can try to search online. .
Robert Kiyosaki – New Rules of Money.
March 5th, 2014 | La Grand 1520 Financial |
King Inc, a successful signing Middle West, is considering opening a branch on the west coast. Under normal economic conditions, with 45% probability of occurrence, the king can expect to earn a net income of $ 70,000 per year. In a mini-recession, with 25% probability, King will earn $ 20,000. In a severe recession, with 20% probability, the King will lose $ 15,000. There is also a small chance (10%) that the king will lose $ 300,000 if the expansion fails and the branch must be closed. If the King will open a branch in California based on these assumptions? (I have to show my work, so please let me know how to get your answers, thank you ..). From what I can tell … Financial stability is to have your finances in order and in a manageable state. Surge to organize and set goals and priorities. The first step to regain financial control and achieve stability is to have an overview of your finances. See where your money goes. Using your check register, online banking and / or credit cards, backward a month and write down what you spent your money. Make a column for clothes and shopping, eating out, food, entertainment, charity, petrol, bills (write what is in a column next to these figures) and medical expenses. Put a column for cash and savings taken, too. Use whatever columns you need to make sense of their expenses. Add up each column and see how much money you have spent on each. Write down all of your income you have coming in. Compare what is coming and what is going to show the level of financial stability is now. If you are not doing too well, you can see where the biggest drains on your finances are. Check out the places that are being wasted most easily cut. If you can slash your eating out budget of $ 185. 00 to $ 75. 00, put $ 110. 00 in another column. Do this with each element can be cut again. 3 Could be enough to make a difference in your lifestyle? If not, you need to be a bit more brutal and think about things like the reduction in cell phone use, adjusting the thermostat and reduced their driving not essential. If this does not help you need to think of ways to increase your income. Can someone take a second job, give things that do not use or sell something as a secondary activity in the Internet? Can children get jobs and help their own expense? Know that you will have to make changes if your debt is too large for their income. See all expenses that accrue interest below. Record each invoice, the monthly payment was expected, the balance and the interest rate on three columns. In this case, you will have to make a judgment. If you have a really small bills that could settle quickly to release the money, which is usually more intelligent. If there is a bill with a huge interest rate, you may want to focus all your attention first. Decide where your money released would do the most good. 5 Cut the credit cards with too high interest rates and balances. Keep those with lesser amounts in them, as this will help your debt to credit ratio look better in the long run. Cancel the cards you cut so you will not be tempted to use them again. Do not get new cards. Do everything in your power to not use credit cards unless you need it for work or you pay someone like gas every month in full. Write a plan. Look at the bills you have and put them in the order they should be paid, usually the lowest to the highest. Realize that skimping now will free up your money and your life free of stress later. In six months, most people who are diligent notice a remarkable change in your finances, so determined to stay the course. Pay your bills as their plan states. Each time you pay all that money allocated immediately to the next account on your list. Put any extra money from garage sales or second job there, too. If you use this system for six months, almost everyone will notice a substantial difference in your income to debt ratio and will be able to worry a little less and enjoy life a little more.
Introduction Welcome to my website. Www. Jim Barber. Neto.