Finance and Accounting The Operating Budget

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Finance and Accounting The Operating Budget
Project description
Scenario for Assignments 1-5
For Assignments 1-5, you will take on the role of a budget analyst for a local government agency. The first role of the budget analyst is to become familiarwith the agency, the budget, programs, and capital projects. Select anylocal (city) government (e.g., Oklahoma City). To locate your agency’s budget, you can either conduct a Google search on the word “Oklahoma City Financial Plan” or you can locate the information on the local government’s Website.As a budget analyst, you will be responsible for analyzing, examining, proposing, and preparing the agency’s budget for the next five (5) years.
Note: Students cannot use New York City as a selected local government
Assignment 1: The Operating Budget
Due Week 4 and worth 250 points
Write a four to five (4-5) page paper, titled Part I: The Operating Budget for the (Selected Agency) in which you separate the content into sections:
1.Provide background information about the agency, mission, goals, objectives, departments, and strategic plan. (Title this section Introduction.)
2.Describe the budget of the agency by addressing the following items: (Title this section Budget Overview.)
1.Financial Summary, including Revenue and Expenditures
2.Department Budgets
3.Funding
4.Capital Projects
5.Debt Administration
3.Perform a Cost Analysis. (Title this section Cost Analysis.) The costs should include the following:
1.Fixed Costs
2.Step-fixed Costs
3.Variable Costs
4.Identify and explainone to two (1-2) challenges you will have in managing the budget. (Title this section Budget Challenges.)
5.Recommend two to three (2-3)strategies the agency should review regarding new initiatives and budget cutsover the next five (5) years.(Title this section Budget Recommendations.)
6.Include the agency’s most recent budget or financial plan.
7.Provide the agency’s Website name, URL, and any other sources used to support the assignment’s criteria.
Your assignment must follow these formatting requirements:
•Be typed, doublespaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA. Check with your professor for any additional instructions.
•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
 


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Finance and Accounting

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Vitalite, Inc., produces a number of products, including a body-wrap kit.  Standard variable costs relating to a single kit are given below:
1.    What was the total standard cost of the materials used during August?
2.    How many yards of material are required at standard per kit?
3.    What was the materials price variance for August if there were no beginning or ending inventories of materials?
4.    What is the standard direct labor rate per hour?
5.    What was the labor rate variance for August?  The labor efficiency variance?
6.    What was the variable overhead rate variance for August?  The variable overhead efficiency variance?
7.    Complete the standard cost card for one kit shown at the beginning of the problem.
Please use this attached spreadsheet to help you work through this problem:
DISCUSSION 5 TEMPLATE.xlsx
6. Thrifty Markets, Inc., operates three stores in a large metropolitan area.  The company’s segmented absorption costing income statements for the last quarter is
given below:
DISCUSSION 6 GIVEN INFORMATION.pdf
Management is very concerned about the Downtown Store’s inability to show a profit and consideration is being given to closing the store.  The company has
asked you to make a recommendation as to what course of action should be taken.  The following additional information is available about the store:
a.    The manger of the store has been with the company for many years; he would be retained and transferred to another position in the company if the store
were closed.  His salary is $6,000 per month, or $18,000 per quarter.  If the store were not closed, a new employee would be hired to fill the other position at a
salary of $5,000 per month.
b.    The lease on the building housing the Downtown Store can be broken with no penalty.
c.    The fixtures being used in the Downtown Store would be transferred to the other two stores if the Downtown Store were closed.
d.    The compnay’s employment taxes are 12% of salaries
e.    A single crew serves all three stores.  One delivery person could be discharged if the Downtown Store were closed; this person’s salary amounts to $7,000
per quarter.  The delivery equipment would be distributed to other stores.  The equipment does not wear out through us, but it dies eventually become obsolete.
f.    One-third of the Downtown Store’s insurance relates to its fixtures.
g.    The general office salaries and other expenses relate to the general management of Thrifty Markets, Inc.  The employee in the general office who is
responsible for the Downtown Store would be discharged if the store were closed.  This employee’s compensation amounts to $8,000 per quarter.
Required:
1.    Prepare a schedule showing the change in revenues and expenses and the impact on the overall company net operating income that would result if the
Downtown Store were closed.
2.    Based on your computations in (1) above, what recommendation would you make to the management of Thrifty markets, inc.?
3.    Assume that if the Downtown Store were closed, sales in the uptown Store would increase by $200,000 per quarter due to loyal customers shifting their
buying to the Uptown Store.  The uptown Store has ample capacity to handle the increased sales, and its gross margin is 43% of sales.  What effect would these
factors have on your recommendation concerning the Downtown Store?  Show Computations.
PLEASE USE THE ATTACHED TEMPLATE TO ASSIST YOU WITH COMPLETING THIS DISCUSSION
DISCUSSION 6 TEMPLATE.xlsx
7.Let’s use this forum to work on the CT seven assignment together.  Please ask questions and ask for hints.  I have attached a spreadsheet to help you work
through this assignment.  CT 7 Template(2).xlsx
Once you’ve completed the spreadsheet, please post it and answer the following questions:
What are the cash flows for each year?
How does depreciation affect the net present value calculation?
What are the present value amounts for each year?
What is the net present value for the project?
Is the project a “go” or a “no”?
8.Assume as the manager of a company you are presented with the company’s financial statements. What broad steps would you take to analyze the financial
statements? Will you calculate any ratios? If yes, please explain which ones, why you would select those particular ratios, how you will undertake the calculations,
and how you will interpret and use the resulting numbers.


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Finance and Accounting Amazon – 5-Year Stock Forecast

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Finance and Accounting Amazon – 5-Year Stock Forecast
 
Project description
1) Present the past 5 years financial ratios/data for Amazon – IN TABLE FORMAT (Return on Sales, Earnings Per share data, Price/Book Value ratio, Cash flow coverage ratio, Price/Earnings ratio, Price/Earnings to Growth ratio, Price/Sales ratio, Dividend Yield, Enterprise Value Multiple) and provide a brief explanation of the 5-year trend.
2) Forecast the Price/Earning for 2018 (Provide a high estimate and low estimate) and state why the estimate is as such.
3) Present current Shares Outstanding and compare current shares outstanding to the past 3 years data of shares outstanding and note the reason for any large change (i.e. Stock split, company buy-back strategy, etc.)
4) Forecast Amazon’s future sales 5-years out
a) Present past 5 years historical sales data
b) Identify major industry and sector that make up bulk of sales
c) Forecast sales for 2018 based on historical trends (High and Low estimated)
5) Convert the 2018 sales data to Earnings Per Share (Profit/#shares)
6) Conclude by forecasting the 2018 stock price (High and Low)
 


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BUSINESS ANALYST

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Job Overview:
As a Business Analyst, you are responsible for assessing a business to establish the working of its systems, procedures, and operations.
You will be included in analyzing the structure of the business, its processes, and determining areas in which technology or alternative solutions can add value.
Qualifications:
Outstanding analytical and conceptual thinking skills.
Competency in Microsoft Office applications.
Capacity to work both independently and within a team.
Highly organized with strong time-management skills.
Outstanding communication skills.
Responsibilities:
Research and requirements elicitation.
Preparing the specification document.
Explaining requirements to developers.
Conducting user acceptance tests.

 
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