Supply Chain Task 1
RJCT TASK 1 SUPPLY CHAIN Theo Adams April 6th, 2013
A. Fourth Quarter Cumulative Balanced Scorecard
Balance Sheets for the four quarters
A. Income Statement for the four quarters
B.1.
To evaluate how I utilized both budgets and pro-formas to ensure the adequacy of funds for providing production capacity that was needed to achieve the businesses goals. I want to first start with the definition of both pro-forma and budget; A budget is a basic idea that covers more than a few areas, all in all it's a financial plan that is made to control costs for operations and results. It can be expressed in a multitude of numerical terms, it also can cover a certain period of time, short, intermediate and long term goals. A pro-forma is also a financial statement but it is prepared based upon assumptions of specific events and transactions that will hopefully occur in the Future, so basically a projected estimate using historical data to form a hypothesis of A financial outcome. The importance of both the pro-forma and budget were huge. Knowing going into the simulation how much seed money was going to be issued and how much additional money was coming in future investments, gave me an idea of how aggressive or conservative I could be. I was able to to set with an initial idea of how much I could spend for each factor needed moving forward. I was able to understand how much to market, how much to hire and how much I could afford for each of these tasks, as well as how much was coming into pay for future marketing and hires. Without advertising there are no customers, without a good sales and service staff there are no sales, or an ability to take care of the customer. In the opening quarter of the company I had a 2 million dollar start-up fund. My upfront expenses were approximately $530,000. I also chose to invest in a 3 month CD about $880,000, I made sure in my first endeavor to keep money available and not to over indulge. I took similar approaches going
A. Fourth Quarter Cumulative Balanced Scorecard
Balance Sheets for the four quarters
A. Income Statement for the four quarters
B.1.
To evaluate how I utilized both budgets and pro-formas to ensure the adequacy of funds for providing production capacity that was needed to achieve the businesses goals. I want to first start with the definition of both pro-forma and budget; A budget is a basic idea that covers more than a few areas, all in all it's a financial plan that is made to control costs for operations and results. It can be expressed in a multitude of numerical terms, it also can cover a certain period of time, short, intermediate and long term goals. A pro-forma is also a financial statement but it is prepared based upon assumptions of specific events and transactions that will hopefully occur in the Future, so basically a projected estimate using historical data to form a hypothesis of A financial outcome. The importance of both the pro-forma and budget were huge. Knowing going into the simulation how much seed money was going to be issued and how much additional money was coming in future investments, gave me an idea of how aggressive or conservative I could be. I was able to to set with an initial idea of how much I could spend for each factor needed moving forward. I was able to understand how much to market, how much to hire and how much I could afford for each of these tasks, as well as how much was coming into pay for future marketing and hires. Without advertising there are no customers, without a good sales and service staff there are no sales, or an ability to take care of the customer. In the opening quarter of the company I had a 2 million dollar start-up fund. My upfront expenses were approximately $530,000. I also chose to invest in a 3 month CD about $880,000, I made sure in my first endeavor to keep money available and not to over indulge. I took similar approaches going