Nick Rowe/Getty Images. 13. Chapter. Profit Planning. Need For Profit Planning Changes In Company Financial Position Financial Structure Planning For Profit. Profit Planning. “…a series of prescribed steps to be taken to ensure that a profit will be made.”. McGraw-Hill/Irwin.
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Need For Profit Planning
Changes In Company Financial Position
Planning For Profit
“…a series of prescribed steps to be taken to ensure that a profit will be made.”
© 2006 The McGraw-Hill Companies, Inc. All rights reserved.
½ - 1 ½ %
Negative Cash Flow
“…setting up standards (for reference) and then measuring performance against them.”
“…records of a firm’s financial position that reflect any changes in that position.”
- Current Liabilities
Office & Supplies
Taxes & Licenses
“…the difference between revenue earned and expenses incurred.”