Description
11) The future value minus the principal is equal to the compound interest.
A) True B) False
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Explanation & Answer
True; the principal is what the current value of the loan is. The future value is the present value with the interest added (which is compounded, interest upon interest).
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Memorandum
Module 4 - CaseBudgeting, Variance Analysis, and Performance EvaluationsAssignment OverviewT&P Fashion ShopsT&P Fashion Sh ...
Memorandum
Module 4 - CaseBudgeting, Variance Analysis, and Performance EvaluationsAssignment OverviewT&P Fashion ShopsT&P Fashion Shops is a new chain that operates 10 stores in major
malls throughout the United States. Each store manager is responsible
for preparing a flexible budget for the store. T&P headquarters
accumulates and analyzes the information for each store and in the
aggregate.Below is the forecast (budgeted income statement) for the Houston
store showing the breakdown of fixed and variable expenses in columns
two through four. The last column shows the actual results.
T&P Fashions - Houston Store
Breakdown of Expenses (Forecast)
Forecast
Fixed
Variable
Actual
Revenues
$1,400,000
$1,260,000
Cost of Sales
790,000
790,000
760,000
Gross Profit
$610,000
$500,000
Management
182,000
154,700
27,300
182,000
Shop assistants
258,000
154,800
103,200
262,000
Rent
23,200
18,560
4,640
22,000
Utilities
34,800
34,800
31,000
Misc. expenses
24,500
12,250
12,250
29,000
Total expenses
$522,500
$526,000
Net income
$87,500
$(26,000)
=========
=========
Additional InformationVariable expenses are based on revenues and we assume that the percentage remains constant for flexible budgeting purposes.Fixed costs are all within the relevant range.Other expenses are all specific to this store. Headquarters pay for marketing and corporate overhead expenses.Case AssignmentRequired: Computations (use Excel)Prepare a flexible budget and show variances for the year that
passed. Indicate whether the flexible budget variances are favorable or
unfavorable.Headquarters are contemplating charging each store a 5% marketing
expense based on sales. How will that affect the operating profit of the
store and the money available for managerial bonuses based on actual
results for the past year? Summarize the information in a table.Memo (use Word)Write a 4- or 5-paragraph memo to the division manager explaining the
flexible budget variances; how to interpret the information and what
action, if any to take. Comment on the 5% marketing proposal too. Start
with an introduction and end with a recommendation. Each of the four or
five paragraphs should have a heading.Short Essay (use Word)Start with an introduction and end with a summary or conclusion. Use headings.Discuss how to interpret static and flexible budget variances.What are the benefits of variance analysis? How can such analysis be detrimental rather than beneficial to the organization?Assignment ExpectationsEach submission should include two files: (1) An Excel file and (2) a
Word document. The Word document shows the memo first and short essay
last. Assume a knowledgeable business audience and use required format
and length. Individuals in business are busy and want information
presented in an organized and concise manner.
5 pages
Status Report.
Am currently working on the proposal of the asset management system. Asset management system is an automated system to tha ...
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List 3 reasons with an explanation for the use of diversion, and discuss why it would be beneficial to the criminal justice system.
One definition of diversion is "the halting or suspension before conviction of formal criminal proceedings against a perso ...
List 3 reasons with an explanation for the use of diversion, and discuss why it would be beneficial to the criminal justice system.
One definition of diversion is "the halting or suspension before conviction of formal criminal proceedings against a person, conditioned on some form of counter performance by the defendant" (George, 1984).There are several reasons for the use of diversion:List 3 reasons with an explanation for the use of diversion, and discuss why it would be beneficial to the criminal justice system.Also explain how the use of diversion would have an effect on law enforcement.Is diversion cost-effective?4-5 pages APA format with referencesGeorge, B. J. (1984). Screening, diversion and mediation in the United States.New York Law Review,29, 1–38.
WMU Queuing and Capacity Exercises Case Study
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Most Popular Content
Memorandum
Module 4 - CaseBudgeting, Variance Analysis, and Performance EvaluationsAssignment OverviewT&P Fashion ShopsT&P Fashion Sh ...
Memorandum
Module 4 - CaseBudgeting, Variance Analysis, and Performance EvaluationsAssignment OverviewT&P Fashion ShopsT&P Fashion Shops is a new chain that operates 10 stores in major
malls throughout the United States. Each store manager is responsible
for preparing a flexible budget for the store. T&P headquarters
accumulates and analyzes the information for each store and in the
aggregate.Below is the forecast (budgeted income statement) for the Houston
store showing the breakdown of fixed and variable expenses in columns
two through four. The last column shows the actual results.
T&P Fashions - Houston Store
Breakdown of Expenses (Forecast)
Forecast
Fixed
Variable
Actual
Revenues
$1,400,000
$1,260,000
Cost of Sales
790,000
790,000
760,000
Gross Profit
$610,000
$500,000
Management
182,000
154,700
27,300
182,000
Shop assistants
258,000
154,800
103,200
262,000
Rent
23,200
18,560
4,640
22,000
Utilities
34,800
34,800
31,000
Misc. expenses
24,500
12,250
12,250
29,000
Total expenses
$522,500
$526,000
Net income
$87,500
$(26,000)
=========
=========
Additional InformationVariable expenses are based on revenues and we assume that the percentage remains constant for flexible budgeting purposes.Fixed costs are all within the relevant range.Other expenses are all specific to this store. Headquarters pay for marketing and corporate overhead expenses.Case AssignmentRequired: Computations (use Excel)Prepare a flexible budget and show variances for the year that
passed. Indicate whether the flexible budget variances are favorable or
unfavorable.Headquarters are contemplating charging each store a 5% marketing
expense based on sales. How will that affect the operating profit of the
store and the money available for managerial bonuses based on actual
results for the past year? Summarize the information in a table.Memo (use Word)Write a 4- or 5-paragraph memo to the division manager explaining the
flexible budget variances; how to interpret the information and what
action, if any to take. Comment on the 5% marketing proposal too. Start
with an introduction and end with a recommendation. Each of the four or
five paragraphs should have a heading.Short Essay (use Word)Start with an introduction and end with a summary or conclusion. Use headings.Discuss how to interpret static and flexible budget variances.What are the benefits of variance analysis? How can such analysis be detrimental rather than beneficial to the organization?Assignment ExpectationsEach submission should include two files: (1) An Excel file and (2) a
Word document. The Word document shows the memo first and short essay
last. Assume a knowledgeable business audience and use required format
and length. Individuals in business are busy and want information
presented in an organized and concise manner.
5 pages
Status Report.
Am currently working on the proposal of the asset management system. Asset management system is an automated system to tha ...
Status Report.
Am currently working on the proposal of the asset management system. Asset management system is an automated system to that enables an organization to ...
List 3 reasons with an explanation for the use of diversion, and discuss why it would be beneficial to the criminal justice system.
One definition of diversion is "the halting or suspension before conviction of formal criminal proceedings against a perso ...
List 3 reasons with an explanation for the use of diversion, and discuss why it would be beneficial to the criminal justice system.
One definition of diversion is "the halting or suspension before conviction of formal criminal proceedings against a person, conditioned on some form of counter performance by the defendant" (George, 1984).There are several reasons for the use of diversion:List 3 reasons with an explanation for the use of diversion, and discuss why it would be beneficial to the criminal justice system.Also explain how the use of diversion would have an effect on law enforcement.Is diversion cost-effective?4-5 pages APA format with referencesGeorge, B. J. (1984). Screening, diversion and mediation in the United States.New York Law Review,29, 1–38.
WMU Queuing and Capacity Exercises Case Study
1. Queuing Theory Chapter 11, Exercise 3The hematology lab manager has been receiving complaints that the turnaround time ...
WMU Queuing and Capacity Exercises Case Study
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Advertising and Public Relations, business and finance homework help
All information in picfollow this and more information in Pic and follow the Description :Introduction 300 WordAdvertisin ...
Advertising and Public Relations, business and finance homework help
All information in picfollow this and more information in Pic and follow the Description :Introduction 300 WordAdvertising Environment 650 wordAchieving Advertising objective 650 wordConclusion 300 WordReference not less than 10
24 pages
Business Plan
The Top Side Service Restaurant will be a charming commercial table service restaurant located in Minnesota. The restauran ...
Business Plan
The Top Side Service Restaurant will be a charming commercial table service restaurant located in Minnesota. The restaurant will be open for dinner ...
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