For your new business, the bank has asked you to provide a budget. Please discuss your production/purchases budget process to your income statement budget, balance sheet budget (cash budget, etc). and how you will present this to the loan officer at your bank. You can write this to your business partner or to the bank president.
Compose a short email – 5 to 7 sentences proposing a budget process for your company.
Be sure you answer the question in the context of material in chapter 8. If you use outside references, please cite them.
Please remember no late work is accepted. If you post after the due date, you will not earn points for those posts.
Rubric (10/10 points available):
Original post: 5 points
Response to two classmates: 5 points
Incorporation of chapter content: 50%
Spelling and Grammar: 20%