Is the bureaucracy as powerful as the other three branches of our government?

• Note: a bureaucracy is an administrative system, especially in a government, that divides work into specific categories carried out by special departments of nonelected officials.
• Write a 500-750 word, APA style paper, explaining why you think it is or is not possible for the “Fourth Branch” of our government (the bureaucracy) to be equal with the other three branches.
• Include the opposing position along with your rebuttal of that opposing position.
• For example, if you believe that the “Fourth Branch of the US government should be equal to the other three branches (and why), your rebuttal would be to people that do not believe the “Fourth Branch” of the US government should be equal to the other three branches (and why).
• Include a title page and 3-5 references. Only one of your references may be found online (not Wikipedia). The other references must be found in the Grantham University online library.

 

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Purpose of Assignment

This comprehensive case requires students to evaluate a static budget and prepare flexible budgets to meet managerial needs. Students are required to calculate and analyze variances and discuss how variances are critical to managerial decision making.

Assignment Steps

Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC), Green Pastures Static Budget Income Statement

Tutorial help on Excel^® and Word functions can be found on the Microsoft^® Office website. There are also additional tutorials via the web offering support for Office products.

Scenario: Green Pastures is a 400-acre farm on the outskirts of the Kentucky Bluegrass, specializing in the boarding of broodmares and their foals. A recent economic downturn in the thoroughbred industry has led to a decline in breeding activities, and it has made the boarding business extremely competitive. To meet the competition, Green Pastures planned in 2017 to entertain clients, advertise more extensively, and absorb expenses formerly paid by clients such as veterinary and blacksmith fees.

The budget report for 2017 is presented as an attachment. As shown, the static income statement budget for the year is based on an expected 21,900 boarding days at $25 per mare. The variable expenses per mare per day were budgeted: feed $5, veterinary fees $3, blacksmith fees $0.25, and supplies $0.55. All other budgeted expenses were either semifixed or fixed.

During the year, management decided not to replace a worker who quit in March, but it did issue a new advertising brochure and did more entertaining of clients.

Develop a minimum 700-word examination of the financial statements and include the following:

• Based on the static budget report:
  • What was the primary cause(s) of the loss in net income?
  • Did management do a good, average, or poor job of controlling expenses?
  • Were management’s decisions to stay competitive sound?
• Prepare a flexible budget report for the year.
• Based on the flexible budget report:
  • What was the primary cause(s) of the loss in net income?
  • Did management do a good, average, or poor job of controlling expenses?
  • Were management’s decisions to stay competitive sound?
• What course of action do you recommend for the management of Green Pastures?

Show your work in Microsoft^® Word or Excel^®.

Complete calculations/computations using Microsoft^® Word or Excel^®.

Format the assignment consistent with APA guidelines.

 

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