Forecasting

How to Create a Break-Even Point

Creating Your Forecasted Break-even Analysis

Categories: Forecasting

Example of Promotional Expenses

Promotional Pamphlet - from Operating Expense Budget

Categories: Forecasting

Fixed Assets Budget - Part 5

Part 5  - Determine the Forecasted Current Market Value of each Fixed Asset Category

The Forecasted Current Market Value refers to the estimated worth of your fixed assets on the last day of each forecasted business year (IE your year end). Therefore, Murray must determine the estimated value of his fixed assets on December 31, 200X and on December 31, 200Y. To do this, simply subtract each category's accumulated deprecation from the cost of each fixed asset (or appraised values, if any).

Categories: Forecasting

Example of Salary & Wage Expense

Office Salaries Expense - from Operating Expense Budget

Murray expects to hire TWO office workers in July 200X. Each employee will be paid $1,300 each month during 200X. As a result, Murray's 200X Forecasted Income Statement will show a Total Office Salaries Expense of $15,600 ($1,300 per month x two employees x 6 months). In addition, Murray's 200X Forecasted Cash Flow Statement will show a Cash Outflow of $2,600 per month for Office Salaries.

Categories: Forecasting

Forecasting - The Complete Process

Business Forecasting Financial Statements

Whether you're currently in business or thinking of starting a business this section is a must.  In this section, existing business owners will learn about financial planning for the future, while aspiring entrepreneurs will learn how to develop forecasted financial statements for their business plan. 

Categories: Forecasting

Fixed Assets Budget - Part 1

Part 1  -  Determine the Fixed Assets You Plan to Invest into the Business

Often entrepreneurs have personal fixed assets that can be used in their businesses. For example, many entrepreneurs invest their personal computer, their photocopier, their fax machine, a building, land, their car, and so on, into their business. Once such assets are recorded on the company's books, they're no longer considered personal assets; that is, they become the property of the business.

Categories: Forecasting

Example of Telephone Expense

Telephone Expense - from Operating Expense Budget

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Ending Inventory Budget - Part 1

PART 1  -  The Ending Inventory Budget for a Retailer

Below depicts the formula a retailer would use to calculate its Ending Inventory in Units and in Dollars.

Categories: Forecasting

Forecast Selling Prices and Product Costs

BUDGET 1  -  DETERMINING YOUR SELLING PRICE & PRODUCT COST

In this Budget, you will determine your selling price (s) and your cost to purchase or produce each product you plan to sell. In other words, Budget 1 consists of Two Parts, namely,

Part 1 -  Determine your Selling Price (s) Per Unit for each forecasted year; and
Part 2 -  Determine your Total Product Cost (s) Per Unit for each forecasted year

Categories: Forecasting

Example of Office Supplies Expense

Office Supplies Expense - from Operating Expense Budget

In July of 200X, Murray plans to purchase office supplies valued at $2,500. Therefore, his 200X Forecasted Cash Flow Statement will show a Cash Outflow of $2,500 in July  for office supplies. Since Murray expects these supplies to be fully "used-up" or consumed by December 31, 200X (Murray's year end), his 200X Forecasted Income Statement will show an "Office Supplies Expense" of $2,500.

Categories: Forecasting
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