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You are starting a tool and die business that will initially require a significant cash outflow. There are four components to creating a thorough financial
You are starting a tool and die business that will initially require a significant cash outflow. There are four components to creating a thorough financial plan. They are: Create operating budget of expected revenue and expenses from ongoing operations. Create cash budget to identify sources and uses of funds for a specified period of time. Create strategic plan to understand the organization's goals and capabilities for the next 2-5 years. Create capital budget of expected investments in new assets. Put these components in the proper sequence. a. Step 1: Cash budget b. Step 2a: Operating budget c. Step 2b: Capital budget d. Step 3: Strategic plan
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