There are two economic based questions below and I expect economic based answers. I realize there were political aspects and wrangling over these topics but I want discussions focused on economic factors. Essays and responses are not to include definitions, historical perspectives, talking points, or personal attacks. References to individual must include a title where applicable, i.e., President Clinton, not Bill Clinton; Vice President Gore, not Al Gore.

For your discussion essay, thoroughly answer at least two of the below questions from both the Trans-Pacific Partnership (TPP) question and the North American Free Trade Agreement (NAFTA) question.

President Trump has withdrawn the United States from inclusion in the Trans-Pacific Partnership (TPP).

1. What does this mean for the United States?
2. What impact will this have on the remaining countries?
3. What countries win; what countries lose?
4. Compare and contrast some of TPP’s good and bad points.
5. Would this have been a good agreement for the American worker?
6. Would this have been a good agreement for the American consumer?
7. How would have implementation of TPP impacted the United States balance of trade and trade deficit.
8. If you were the sole decision maker for the implementation of TPP, what would you have done and why?

President Trump wants to renegotiate The North American Free Trade Agreement (NAFTA).

1. What do you see as short-term and long-term trade effects?
2. Is renegotiation good for the American worker?
3. Is renegotiation good for the American consumer?
4. How will renegotiation of NAFTA impact the United States balance of trade and trade deficit.
5. How will renegotiation impact union labor?
6. How will renegotiation impact employment?
   1. What sectors will be benefited?
   2. What sectors will be impacted?
7. If you were the sole decision maker for the possible renegotiation of NAFTA, what would you do and why?

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Assignment: Budget Planning and Control

Due Week 9 and worth 200 points

Before approaching this assignment, be sure that you have watched the following video.

• Budgetary Planning featuring Babycakes *FULL VIDEO*. (2016). YouTube.

Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 – 4) page paper in which you address the following.

1. Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.
2. Prepare a sales budget for the LA Babycakes store for the 4th quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and a total for the quarter. Use one-half of the Valentine’s Day sales as the basis for a usual day in the new quarter. Use 30 days for each month. Calculate the total sales for each month for October, November, and December.
3. Create three (3) new products, one (1) for each of the three (3) holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix with all data and calculations. Add these amounts to your sales budget.
4. The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern.
5. Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges.
6. Integrate relevant information from at least three (3) quality academic resources in this assignment. Note: Please do not use your textbook as an academic resource. Also, Wikipedia and other Websites that are unreliable do not qualify as academic resources.

Your assignment must follow these formatting requirements.

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. 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 page length.
• An abstract is not required.

The specific course learning outcomes associated with this assignment are:

• Evaluate management control systems and examine their relationship with accounting and planning, including feedback and non-financial performance measurements.
• Evaluate decision-making tools for capital investments, budgeting, and budgeting controls.
• Analyze financial accounting tools and techniques that convert financial accounting data into information for decision making.
• Use technology and information resources to research issues in financial accounting for managers.
• Write clearly and concisely about financial accounting using proper writing mechanics.

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