Accounting-Begin by reviewing the following scenario

| January 30, 2017

Question
Begin by reviewing the following scenario:

You are a manager of a company that manufactures brooms for local janitorial service companies. You have determined that the company needs additional financing to expand into the manufacturing of mops. The loan officer at the bank wants a detailed budget for the new product. Consider the different budget components that would need to be included and how the loan officer would use the information to make a decision about the financing.

Based on your readings for this week, respond to the following:

Which different budget components should be completed for the loan officer?

Which section of the budget do you think will be the most critical section for the loan officer to use in approving or denying your loan application? Why?

The length of your response(s) should be a minimum of 150 words.

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