Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC), Green Pastures Static Budget Income Statement
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.
Click the Assignment Files tab to submit your 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.
Click the Assignment Files tab to submit your assignment.
This is What a Good Custom Writing Service looks like
What are the parameters that define a good website that provides custom writing help?
We are laying out the ingredients for you, and we will tell you how we optimize our services in all of them:
Quality of Papers
If you’re hiring a professional writer to get your paper written, you must ensure the quality of your papers. See how we do it:
It’s been 10 years since we’ve been providing academic writing. That does say something about the quality.
Every essay writer we have follows the predefined structure for management papers – be it a marketing essay, an accounting paper, or a business management essay. The basic structure, that is – the introduction, executive summary, the body, and the conclusion. Of course, this structure is different in case of different papers like research papers, theses, essays, etc.
We always assign the writer that is expert in the niche of the required paper. This ensures that the paper writing is at par in quality.
We follow your instructions to the word, but make sure the paper doesn’t get derailed from its actual format.
PenMyPaper is where we Use the Pen as a Sword.
On-Time Delivery
When a college student wants his or her paper written by someone else, they need the second party to get the work done within the specified time. Otherwise, it can be consequential for the student. An ideal academic help portal should be able to deliver the paper in time.
That is where we take pride in – it has hardly ever happened that we had had ever not met the deadline provided by a customer. Our management team is vigilant about getting your papers to you by the time you need it.
Price Feasibility
Any service, academic or non-academic, that is related to college students, should be aware of the fact that money isn’t available with them in abundance. Any student-related product or service should be affordable and accessible by all.
To prove this, we have a price calculator right here. Fill in the details of your academic writing, get the price, and visit similar services to compare. We’ll wait for you to find out that our college essay prices are lower.
Here’s what happens in an Essay Help Online
Being on the other side of the wall, you must have questions about how does it work, right? There is a set flowchart of how do we function – right from when you place your order with us to write essay, a research paper, a dissertations, or any other academic papers, to the time we send you the mail with the completed order.
We know that curiosity needs to be satiated, so we’re going to lay bare the steps involved in the process.
Place your Order
It starts when you make the payment and tell us what all you need in your academic papers. You can ask for free enquiry and know how your research paper or essay online is going to be written. As soon as we get your order, we assign the best suited writer to attend to your paper.
We’re okay with getting poked
We don’t have any issues if you ask us for drafts every hour – every essay writer we have is capable of providing you with a raw draft whenever you ask for it.
Also, in case you need any modifications done in your instructions or you need some reconsiderations in your essay online, you just need to send us a message regarding it.
And guess what? There is NO CHARGE for this.
This was the second step in the process of paper writing that we follow.
Sit Back and Receive your Order
Final step is where you get your order delivered (within the deadline goes unsaid). Now if you want any changes in your academic essay writing or your college essay, you can ask us to modify them or even, cancel them, in which case you GET YOUR MONEY BACK.
And of course, any revisions you need regarding the essay help after you get the order, are absolutely free.
Assigning the assignment
We have a range of talents in various academic fields. Our writers are one of the finest and the most experienced in the industry. They come from a long span of experience in their respective academic fields. Be it literature, science, commerce, history, or any other subject you want your paper to be written on – we’ve got writers that specialize in it.
So as soon as you place your order and our management team receives it, they start scanning for writers that are best suited to write your paper according to the specifications of your paper. The number of pages (or words), the difficulty level, the urgency of submission, and the discipline – our management team analyses all the aspects of your paper and then assigns the writer that is perfectly suited to complete that paper for you. This ensures the quality of your paper in every aspect possible.
No comments:
Post a Comment