This assessment has six-parts. Click each of the items below to complete this assessment.PART 1: ENSURING ACCURATE FINANCIAL DATAScenarioYou work for a company that has recently experienced a case of embezzlement. The management team is looking for ideas on how it can prevent this from happening in the future and has asked you to present ideas during its next monthly meeting. Using the following case, prepare a 10-slide presentation that presents the details of the case and ideas for how the company could have prevented the embezzlement. Include details on how the company can ensure accurate financial data.Jared Smith has served as the executive director of the Community Arts Organization for more than 10 years. The Community Arts Organization is led by a board of directors. Jared works independently. He receives all membership fee payments (cash and checks), and he pays all bills and reconciles the checking account. No one reviews Jared’s work and the Community Arts Organization is not regularly audited.Over the course of the past 5 years, Jared has committed fraud and embezzled nearly $400,000. Jared deposits membership fee payments directly into his own bank account. He also writes Community Arts Organization checks to himself and has created phony companies that he writes checks to and deposits the checks into his own bank account.PART 2: EXPLAINING VARIANCES IN PERFORMANCE REPORTS AND SUGGESTING POSSIBLE CAUSES AND REMEDIESRead the “Widget Company Performance Report” document, provided with this Assessment. Imagine that you are the manager of the production department at the Widget Company and you have been asked to explain the variances found in a performance report, propose possible causes, and make suggestions for how the variances can be remedied. Using the information provided in the Widget Company Performance Report, prepare a memo to your boss that explains the possible causes of the variances in the performance report, and suggest how the company can remedy them. (1 - 2 pages)PART 3: ALTERNATIVES TO DISCOUNTED CASH FLOWS, THE INFORMATION THEY PROVIDE TO INFORM CAPITAL INVESTMENT DECISIONS, AND THE TYPES OF AND USEFULNESS OF QUALITATIVE INFORMATION ON THE DECISION-MAKING PROCESSScenarioAs a new product development manager, you are considering investment proposals for two mutually exclusive investment opportunities. The projects have been analyzed using net present value (NPV), internal rate of return (IRR), payback, and accounting rate of return (ARR), and the results are presented in the Investment Proposals document.Assume the company requires a minimum return of 16% and a payback of 3 years. Evaluate the projects using the analysis provided and write a brief report that makes a recommendation based on the data. Also include qualitative factors that should be considered and an explanation of how they would impact the recommended investment decision. (1 page)PART 4: USING TRANSFER PRICING METHODSScenarioGraphic Art, Inc. has a print division that produces art prints in China and a Retail Division in Greece that sells the prints. The Print Division has a low 20% income tax rate and the Retail Division has a high 50% income tax rate. The Retail Division in Greece is subject to a 10% import duty on the transfer price of all imported products. Both China and Greece allow firms to use either variable or full cost as the transfer price. The Graphic Art document summarizes both transfer pricing methods.Assuming both divisions have significant positive taxable income, write a business email that describes the transfer pricing method that you think Graphic Art, Inc. should use. Be sure to cite the data from the spreadsheet. (2 - 3 paragraphs)PART 5: THE FLEXIBLE BUDGETScenarioAs the newly promoted general manager of the Widget Company, you prepared a performance report using Excel and presented this to your boss. (See “Widget Company Performance Report.”) Your boss e-mailed you and asked for more information regarding the usefulness of a flexible budget report to assess performance. Prepare an e-mail to your boss explaining why the flexible budget provides more useful information than a static budget. (3 - 4 paragraphs)PART 6: BREAK-EVEN ANALYSIS AND DECISION MAKINGScenarioJaden Water Inspection Service tests water quality for industrial applications.Jaden receives $150 for each inspection and wants to expand its business by adding another employee and vehicle. Jaden anticipates that another employee would add 60 additional inspections per month. Jaden has determined that the average cost for each inspection is $45. The fixed costs for a new employee and vehicle are $3,000 per month.To persuade his investors that adding another employee is a good idea, Jaden prepared a break-even analysis. (See the “JWIS Break-Even Analysis” document.) Assume the role of Jaden and prepare a report that includes the following (1 to 2 pages):An explanation of the purpose of a break-even analysis as it relates to this caseBased on the break-even analysis, an explanation of why the additional employee is a good investmentFEEDBACK FROM PROFESSOR , The areas that have below a 2 I need revised EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:More than three details of the business case are presented.Additional Comments:Learning Objective 1.2: Create a slide presentation that explains how the company could prevent embezzlement.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:More than three methods are presented.Additional Comments:Learning Objective 1.3: Create a slide presentation that depicts the steps an organization should take to ensure accurate financial data.:MEETS EXPECTATIONS2Slides showing the steps an organization can take to ensure accurate financial data are accurate and complete.Additional Comments:Discussing two recent high profile fraud cases might move this to the Exceeds Expectations level.Learning Objective 2.1: Prepare a business memo.:NOT PRESENT0Business memo is not present.Additional Comments:A business memo format was not used.Learning Objective 2.2: Explain variances in a performance report.:MEETS EXPECTATIONS2Explanation of variances in a performance report is accurate, complete, clear, and related to the business context presented.Additional Comments:Discussing whether all variances in a performance report should be examined might move this to the Exceeds Expectations level.Learning Objective 2.3: Suggest possible causes of variances in a performance report.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:Response identifies three reasons for variances that could result from external factors over which the organization has no control.Additional Comments:Learning Objective 2.4: Propose possible remedies for variances in a performance report.:MEETS EXPECTATIONS2Proposal includes possible remedies for variances in a performance report that are accurate, clear, and related to the business context.Additional Comments:Discussing the stakeholders involved in the remedies and the effect of the remedies on the stakeholders might move this to the Exceeds Expectations level.Learning Objective 3.1: Explain how various alternatives to discounted cash flows provide information to help make capital investment decisions.:MEETS EXPECTATIONS2Explanation of how various alternatives to discounted cash flows provide information to help make capital investment decisions is accurate, complete, clear, and related to the business context.Additional Comments:Discussing the weaknesses of the alternative methods might move this to the Exceeds Expectations level.Learning Objective 3.2: Explain the types of qualitative information that are used to make capital investment decisions.:MEETS EXPECTATIONS2Explanation includes the types of qualitative information that are used to make capital investment decisions and is accurate, clear, and related to the business context.Additional Comments:Including the rationale to support the use of qualitative information might move this to the Exceeds Expectations level.Learning Objective 4.1: Prepare a business email.:NOT PRESENT0Business email is not present.Additional Comments: A business email format was not used.Learning Objective 4.2: Determine the appropriate transfer pricing method to use for a given situation.:NEEDS IMPROVEMENT1The selected transfer pricing method to use is not appropriate and/or is not supported by relevant data.Additional Comments:You need to include data from the case to support your conclusion.Learning Objective 5.1: Explain the usefulness of a flexible budget in specific business cases.:NEEDS IMPROVEMENT1Explanation detailing the usefulness of a flexible budget is inaccurate and/or incomplete and does not include an explanation for why a flexible budget provides more useful information than a static budget report.Additional Comments:I suggest you re-read what you wrote and make sure it is correct with respect to the differences between a static budget and a flexible budget. I highlighted some of the concerns, but not all of them.Learning Objective 6.2: Explain the usefulness of break-even analysis on decision-making.:NEEDS IMPROVEMENT1Explanation of the usefulness of break-even analysis on decision-making is inaccurate and/or incomplete.Additional Comments:The grammar issues make it difficult to understand what you wrote. Also, be sure to use specific information from the case. How much revenue will be generated by an additional employee? What will it cost to hire and use the employee? Based on the data is it feasible to hire a new person?Written Communication: PS 1.1: Use proper grammar, spelling, and mechanics.:NEEDS IMPROVEMENT1Multiple minor errors in grammar, spelling, and/or mechanics are distracting and negatively impact readability.Additional Comments:I marked some, but not all, of the grammar and spelling issues. I suggest you proof read carefully.Written Communication: PS 1.2: Organize writing to enhance clarity.:MEETS EXPECTATIONS2Writing is generally well-organized. Introductions, transitions, and conclusions provide continuity and a logical progression of ideas.Additional Comments:Written Communication: PS 1.3: Apply APA style to written work.:MEETS EXPECTATIONS2APA conventions for attribution of sources, structure, formatting, etc., are generally applied correctly in most instances. Sources are generally cited appropriately and accurately.Additional Comments:Written Communication: PS 1.4: Use appropriate vocabulary and tone for the audience and purpose.:EXCEEDS EXPECTATIONS3Vocabulary and tone are consistently tailored to the audience and effectively and directly support communication of key concepts.Additional Comments:Technology: PS 3.1: Use images and layout of presentations to effectively communicate content to a specific audience.:EXCEEDS EXPECTATIONS3Images and design elements are used purposefully, and they effectively support audience engagement and understanding of key concepts.Additional Comments:Critical Thinking and Problem Solving: PS 5.1: Analyze assumptions and fallacies.:EXCEEDS EXPECTATIONS3Response clearly and comprehensively assesses the reasonableness of assumptions in a given argument.Response provides a detailed and compelling analysis of implications of fallacies and logical weaknesses in a given argument.Additional Comments:Critical Thinking and Problem Solving: PS 5.2: Generate reasonable and appropriate assumptions.:EXCEEDS EXPECTATIONS3Response justifies the reasonableness and need for assumptions in an original argument.Additional Comments:Learning Objective 1.1: Create a slide presentation that depicts pertinent details of the business case.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:More than three details of the business case are presented.Additional Comments:Learning Objective 1.2: Create a slide presentation that explains how the company could prevent embezzlement.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:More than three methods are presented.Additional Comments:Learning Objective 1.3: Create a slide presentation that depicts the steps an organization should take to ensure accurate financial data.:MEETS EXPECTATIONS2Slides showing the steps an organization can take to ensure accurate financial data are accurate and complete.Additional Comments:Discussing two recent high profile fraud cases might move this to the Exceeds Expectations level.Learning Objective 2.1: Prepare a business memo.:NOT PRESENT0Business memo is not present.Additional Comments:A business memo format was not used.Learning Objective 2.2: Explain variances in a performance report.:MEETS EXPECTATIONS2Explanation of variances in a performance report is accurate, complete, clear, and related to the business context presented.Additional Comments:Discussing whether all variances in a performance report should be examined might move this to the Exceeds Expectations level.Learning Objective 2.3: Suggest possible causes of variances in a performance report.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:Response identifies three reasons for variances that could result from external factors over which the organization has no control.Additional Comments:Learning Objective 2.4: Propose possible remedies for variances in a performance report.:MEETS EXPECTATIONS2Proposal includes possible remedies for variances in a performance report that are accurate, clear, and related to the business context.Additional Comments:Discussing the stakeholders involved in the remedies and the effect of the remedies on the stakeholders might move this to the Exceeds Expectations level.Learning Objective 3.1: Explain how various alternatives to discounted cash flows provide information to help make capital investment decisions.:MEETS EXPECTATIONS2Explanation of how various alternatives to discounted cash flows provide information to help make capital investment decisions is accurate, complete, clear, and related to the business context.Additional Comments:Discussing the weaknesses of the alternative methods might move this to the Exceeds Expectations level.Learning Objective 3.2: Explain the types of qualitative information that are used to make capital investment decisions.:MEETS EXPECTATIONS2Explanation includes the types of qualitative information that are used to make capital investment decisions and is accurate, clear, and related to the business context.Additional Comments:Including the rationale to support the use of qualitative information might move this to the Exceeds Expectations level.Learning Objective 4.1: Prepare a business email.:NOT PRESENT0Business email is not present.Additional Comments: A business email format was not used.Learning Objective 4.2: Determine the appropriate transfer pricing method to use for a given situation.:NEEDS IMPROVEMENT1The selected transfer pricing method to use is not appropriate and/or is not supported by relevant data.Additional Comments:You need to include data from the case to support your conclusion.Learning Objective 5.1: Explain the usefulness of a flexible budget in specific business cases.:NEEDS IMPROVEMENT1Explanation detailing the usefulness of a flexible budget is inaccurate and/or incomplete and does not include an explanation for why a flexible budget provides more useful information than a static budget report.Additional Comments:I suggest you re-read what you wrote and make sure it is correct with respect to the differences between a static budget and a flexible budget. I highlighted some of the concerns, but not all of them.Learning Objective 6.2: Explain the usefulness of break-even analysis on decision-making.:NEEDS IMPROVEMENT1Explanation of the usefulness of break-even analysis on decision-making is inaccurate and/or incomplete.Additional Comments:The grammar issues make it difficult to understand what you wrote. Also, be sure to use specific information from the case. How much revenue will be generated by an additional employee? What will it cost to hire and use the employee? Based on the data is it feasible to hire a new person?Written Communication: PS 1.1: Use proper grammar, spelling, and mechanics.:NEEDS IMPROVEMENT1Multiple minor errors in grammar, spelling, and/or mechanics are distracting and negatively impact readability.Additional Comments:I marked some, but not all, of the grammar and spelling issues. I suggest you proof read carefully.Written Communication: PS 1.2: Organize writing to enhance clarity.:MEETS EXPECTATIONS2Writing is generally well-organized. Introductions, transitions, and conclusions provide continuity and a logical progression of ideas.Additional Comments:Written Communication: PS 1.3: Apply APA style to written work.:MEETS EXPECTATIONS2APA conventions for attribution of sources, structure, formatting, etc., are generally applied correctly in most instances. Sources are generally cited appropriately and accurately.Additional Comments:Written Communication: PS 1.4: Use appropriate vocabulary and tone for the audience and purpose.:EXCEEDS EXPECTATIONS3Vocabulary and tone are consistently tailored to the audience and effectively and directly support communication of key concepts.Additional Comments:Technology: PS 3.1: Use images and layout of presentations to effectively communicate content to a specific audience.:EXCEEDS EXPECTATIONS3Images and design elements are used purposefully, and they effectively support audience engagement and understanding of key concepts.Additional Comments:Critical Thinking and Problem Solving: PS 5.1: Analyze assumptions and fallacies.:EXCEEDS EXPECTATIONS3Response clearly and comprehensively assesses the reasonableness of assumptions in a given argument.Response provides a detailed and compelling analysis of implications of fallacies and logical weaknesses in a given argument.Additional Comments:Critical Thinking and Problem Solving: PS 5.2: Generate reasonable and appropriate assumptions.:EXCEEDS EXPECTATIONS3Response justifies the reasonableness and need for assumptions in an original argument.Additional Comments:Learning Objective 1.1: Create a slide presentation that depicts pertinent details of the business case.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:More than three details of the business case are presented.Additional Comments:Learning Objective 1.2: Create a slide presentation that explains how the company could prevent embezzlement.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:More than three methods are presented.Additional Comments:Learning Objective 1.3: Create a slide presentation that depicts the steps an organization should take to ensure accurate financial data.:MEETS EXPECTATIONS2Slides showing the steps an organization can take to ensure accurate financial data are accurate and complete.Additional Comments:Discussing two recent high profile fraud cases might move this to the Exceeds Expectations level.Learning Objective 2.1: Prepare a business memo.:NOT PRESENT0Business memo is not present.Additional Comments:A business memo format was not used.Learning Objective 2.2: Explain variances in a performance report.:MEETS EXPECTATIONS2Explanation of variances in a performance report is accurate, complete, clear, and related to the business context presented.Additional Comments:Discussing whether all variances in a performance report should be examined might move this to the Exceeds Expectations level.Learning Objective 2.3: Suggest possible causes of variances in a performance report.:EXCEEDS EXPECTATIONS3Response demonstrates the same level of achievement as “2,” plus the following:Response identifies three reasons for variances that could result from external factors over which the organization has no control.Additional Comments:Learning Objective 2.4: Propose possible remedies for variances in a performance report.:MEETS EXPECTATIONS2Proposal includes possible remedies for variances in a performance report that are accurate, clear, and related to the business context.Additional Comments:Discussing the stakeholders involved in the remedies and the effect of the remedies on the stakeholders might move this to the Exceeds Expectations level.Learning Objective 3.1: Explain how various alternatives to discounted cash flows provide information to help make capital investment decisions.:MEETS EXPECTATIONS2Explanation of how various alternatives to discounted cash flows provide information to help make capital investment decisions is accurate, complete, clear, and related to the business context.Additional Comments:Discussing the weaknesses of the alternative methods might move this to the Exceeds Expectations level.Learning Objective 3.2: Explain the types of qualitative information that are used to make capital investment decisions.:MEETS EXPECTATIONS2Explanation includes the types of qualitative information that are used to make capital investment decisions and is accurate, clear, and related to the business context.Additional Comments:Including the rationale to support the use of qualitative information might move this to the Exceeds Expectations level.Learning Objective 4.1: Prepare a business email.:NOT PRESENT0Business email is not present.Additional Comments: A business email format was not used.Learning Objective 4.2: Determine the appropriate transfer pricing method to use for a given situation.:NEEDS IMPROVEMENT1The selected transfer pricing method to use is not appropriate and/or is not supported by relevant data.Additional Comments:You need to include data from the case to support your conclusion.Learning Objective 5.1: Explain the usefulness of a flexible budget in specific business cases.:NEEDS IMPROVEMENT1Explanation detailing the usefulness of a flexible budget is inaccurate and/or incomplete and does not include an explanation for why a flexible budget provides more useful information than a static budget report.Additional Comments:I suggest you re-read what you wrote and make sure it is correct with respect to the differences between a static budget and a flexible budget. I highlighted some of the concerns, but not all of them.Learning Objective 6.1: Explain the purpose of break-even analysis.:MEETS EXPECTATIONS2Explanation of the purpose of the break-even analysis is accurate, complete, and related to the business context.Additional Comments:Learning Objective 6.2: Explain the usefulness of break-even analysis on decision-making.:NEEDS IMPROVEMENT1Explanation of the usefulness of break-even analysis on decision-making is inaccurate and/or incomplete.Additional Comments:The grammar issues make it difficult to understand what you wrote. Also, be sure to use specific information from the case. How much revenue will be generated by an additional employee? What will it cost to hire and use the employee? Based on the data is it feasible to hire a new person?Written Communication: PS 1.1: Use proper grammar, spelling, and mechanics.:NEEDS IMPROVEMENT1Multiple minor errors in grammar, spelling, and/or mechanics are distracting and negatively impact readability.Additional Comments:I marked some, but not all, of the grammar and spelling issues. I suggest you proof read carefully.Written Communication: PS 1.2: Organize writing to enhance clarity.:MEETS EXPECTATIONS2Writing is generally well-organized. Introductions, transitions, and conclusions provide continuity and a logical progression of ideas.Additional Comments:Written Communication: PS 1.3: Apply APA style to written work.:MEETS EXPECTATIONS2APA conventions for attribution of sources, structure, formatting, etc., are generally applied correctly in most instances. Sources are generally cited appropriately and accurately.Additional Comments:Written Communication: PS 1.4: Use appropriate vocabulary and tone for the audience and purpose.:EXCEEDS EXPECTATIONS3Vocabulary and tone are consistently tailored to the audience and effectively and directly support communication of key concepts.Additional Comments:Technology: PS 3.1: Use images and layout of presentations to effectively communicate content to a specific audience.:EXCEEDS EXPECTATIONS3Images and design elements are used purposefully, and they effectively support audience engagement and understanding of key concepts.Additional Comments:Critical Thinking and Problem Solving: PS 5.1: Analyze assumptions and fallacies.:EXCEEDS EXPECTATIONS3Response clearly and comprehensively assesses the reasonableness of assumptions in a given argument.Response provides a detailed and compelling analysis of implications of fallacies and logical weaknesses in a given argument.Additional Comments:Critical Thinking and Problem Solving: PS 5.2: Generate reasonable and appropriate assumptions.:EXCEEDS EXPECTATIONS3Response justifies the reasonableness and need for assumptions in an original argument.Additional Comments: