Business Plan For An Operating Plan Essay - 898 Words

a. The operating plan provides detailed implementation guidance designed to accomplish corporate objectives. It details who is responsible for what particular function, and when specific tasks are to be accomplished. An important part of an operating plan is the forecast of sales, production costs, inventories, and other operating costs. Operating plan is a detailed making of a plan involving a company’s goals, objectives and mission within a specified time frame. The financial plan details the financial aspects of the corporation’s operating plan. In addition to an analysis of the firm’s current financial condition, the financial plan normally includes a sales forecast, the capital budget, the cash budget, documents of financial statements, and the external financing plan. Financial plan is the process of assessing the company’s financial goals and financial needs of the future taking into accounts the assets and investments already available in achiev ing those goals and estimate what the company may need in future. b. Spontaneous Liabilities are Liabilities of a company that are accumulated automatically as a result of the firm s everyday business. Spontaneous liabilities can be tied to changes in sales, such as the cost of goods sold and accounts payable. These liabilities can also be fixed as seen with regular payments on long-term debt. Profit margin is a profitability ratio margin that measures the amount of net income earned with each dollar of sales generatedShow MoreRelatedGalvor Company1053 Words   |  5 PagesM. Barsac replaced M.Chambertin as Galvors controller in April of 1974. 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