Manage Finance: Financial Management, Budgeting, and Risk Management Strategies

Running head: MANAGE FINANCE
Manage Finance
Name of the Student:
Name of the University:
Author Note

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MANAGE FINANCE
Table of Contents
Task 1...............................................................................................................................................2
Answer to Question 1..................................................................................................................2
Answer to Question 2..................................................................................................................2
Answer to Question 3..................................................................................................................2
Answer to Question 4..................................................................................................................3
Task 2...............................................................................................................................................3
Answer to Question 1..................................................................................................................3
Answer to Question 2..................................................................................................................4
Answer to Question 3..................................................................................................................5
Answer to Question 4..................................................................................................................5
Answer to Question 5..................................................................................................................6
Answer to Question 6..................................................................................................................6
Answer to Question 7..................................................................................................................6
Answer to Question 8..................................................................................................................7
Answer to Question 9..................................................................................................................7
Answer to Question 10................................................................................................................7
References........................................................................................................................................9

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MANAGE FINANCE

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MANAGE FINANCE
Task 1
Answer to Question 1
The issue presented in the question is that the financial data that has been presented in the
case study should be reviewed in order to indentify the areas that have generated a profit or loss
that may have occurred. This means that the sales in relation to the espresso drinks have been the
highest for the three-year sales forecast. Moreover, the pastry items that are sold by the start-up
coffee and bakery retail establishment reflect a declining curve in terms of sales. This may be
because pastry items manufactured by this particular firm may have a compromised quality or
may impose a higher price rate in regards to the market (Andreou, Louca and Panayides 2014).
Answer to Question 2
The financial management plans and the business plans, financial and budget policies,
business objectives and key performance indicators reveal the fact that the sales of the firm has
not been as it should be. To be precise, the proper format in regards to the business plan has not
been followed. Moreover, the payment schedule in regards to the suppliers has not been
described in a proper way. Furthermore, the value of the assets is lower than the accumulated
depreciation. Such errors will not facilitate the proper financial projections in the next financial
cycle (Andreou, Louca and Panayides 2014).
Answer to Question 3
The projected cash flow statement that has been prepared for the three financial years has
not been of the proper format. Cash flows are generally in the nature of investing, operating or
financing activities and compute the inflow or outflow of cash in business. Thus, to be precise