Operating Budget

 

Using the same publicly traded company you used in the Environmental Scanning Interactive Assignment, and the downloadable Operating Budget Template, research the company online by accessing the Mergent Ashford University Library online database which offers company financials, descriptions, history, property, subsidiaries, officers and directors. Also, access the Business Insights: Global Ashford University Library online database which offers information on global companies, and industries. It includes SWOT reports, market share data, financial reports, case studies, business news, and company comparison charts. (View the Getting Started With Mergent and Business Insights: Global documents for suggested methods of searching Ashford University Library databases generally as well as specific advice for searching these two databases). You can always conduct research using credible online sources of corporate financial information, just be sure that wherever you obtain financial information that you cite your source.

For this Interactive Assignment, you are going to look at the financial statements for the company you selected and, using the previous quarter’s financial data, interpret the data and propose a budget for the next Quarter based on your current and previous analysis of company performance. Complete the budget template using this Operating Budget Template:

List your current sales, discounts and allowances, net sales, margins, operating costs, and earning before and after taxes.
Choose a minimum of two financial ratios (below) and include in your analysis.
Prepare the next quarter’s budget based on your interpretation of past data.
Include at least two of the following types of relevant financial ratios in your analysis. Review the online article Analyze Investments Quickly With Ratios (Links to an external site.) (Elmerraji, 2017) and Chapter 5 in the Abraham’s textbook to help with this portion of the budget:

Profitability Ratio
Liquidity Ratio
Solvency Ratio
Valuation Ratio
Leverage Ratio
(NOTE: Incorporate the feedback you receive from your instructor and peers and save your work. It will be part of your Strategic Plan Final Project for this course).

Sample Solution

wo is Enough Picture Book/Realistic Fiction
Matthies, J., & Mourning, T. (2015). Two is Enough. Running Press.
Two is Enough is a simple rhyming text with illustrations that follows different types of families made up of just two. Without using the word family or relationship specifics like mom, dad, parent or grandparent this book shows adult/child relationships using a variety of cultures, ages and genders. Using a range of small family dynamics like a father and son, father and daughter, grandmother and grandson and mother and daughter, it shows them doing everyday things together and things like playing in the snow, rainy-day rides, double scoop treats and playing in leaves. Two is Enough shows thriving one-parent families and lots of attention for the child. Two is perfect in the winter for riding bikes on a rainy day, shopping at the market and having a fun birthday celebration. Two is perfect in spring too when planting seeds or picking bouquets. In the summer, two is just right for ice cream treats and building sand castles. When fall arrives, two is right for crashing in leaves, carving pumpkins and roasting marshmallows. Two is just right the whole year long. Two is definitely enough for a warm family, full of love, support and comfort that every child needs. There is nothing that a loving family of two cannot do!

My Ol’ Man Picture Book/Nonfiction
Polacco, P. (1999). My Ol’ Man. Puffin Books.
My Ol’ Man is a book about the authors father and the stories he used to tell her and her brother. He was always telling stories and the best one is about the magic rock. Along with her father, brother and Gramma they are going through a tough time but together as a family they believe something magical will happen to help their family. They believe the magic is in a rock and at the end of the story they realize the magic was deep within themselves. Her father is a traveling salesman from Michigan. She goes to visit him in the summer because her parents are newly divorced, and Trisha and her older brother Richie look forward to their ol’ man’s many stories after his return from work each day. One day he tells them about a very special, magical rock that he found on his travels and takes them to see it. Both Trisha and Richie are convinced of its powers of enchantment, but when their ol’ man loses his job, will the magic from the rock be enough to help their family? They believed the rock was the solution to everything and after their ol’ man got fired and was going to have to sell his car they all went out to the magic rock and waited for good things to happen. The car never did sell but he was offered a position on the radio and didn’t have to sel

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