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ACC 561 Week 6 individual Assignment Managerial Analysis//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/acc-561-week-6-individual-assignment-managerial-analysis<br><br>Instructions: 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 Excelu00ae and Word functions can be found on the Microsoftu00ae 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: <br>u2022tBased on the static budget report:<br>u2022tWhat was the primary cause(s) of the loss in net income?<br>u2022tDid management do a good, average, or poor job of controlling expenses?<br>u2022tWere management's decisions to stay competitive sound?<br>u2022tPrepare a flexible budget report for the year.<br>u2022tBased on the flexible budget report:<br>u2022tWhat was the primary cause(s) of the loss in net income?<br>u2022tDid management do a good, average, or poor job of controlling expenses?<br>u2022tWere management's decisions to stay competitive sound?<br>u2022tWhat course of action do you recommend for the management of Green Pastures? Show your work in Microsoftu00ae Word or Excelu00ae. Complete calculations/computations using Microsoftu00ae Word or Excelu00ae. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.<br><br>Click on below link to buy<br>https://tutorfortune.com/products/acc-561-week-6-individual-assignment-managerial-analysis<br>v<br>
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ACC 561 Week 6 individual Assignment Managerial Analysis//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/acc-561-week-6-individual-assignment-managerial-analysis I n s t r u c t i o n s : P u r p o s e o f A s s i g n me n t T h i s c o mp r e h e n s i v e c a s e r e q u i r e s s t u d e n t s t o e v a l u a t e a s t a t i c b u d g e t a n d p r e p a r e fl e x i b l e b u d g e t s t o me e t ma n a g e r i a l n e e d s . S t u d e n t s a r e r e q u i r e d t o c a l c u l a t e a n d a n a l y z e v a r i a n c e s a n d d i s c u s s h o w v a r i a n c e s a r e c r i t i c a l t o ma n a g e r i a l d e c i s i o n ma k i n g . A s s i g n me n t S t e p s R e s o u r c e s : G e n e r a l l y A c c e p t e d A c c o u n t i n g P r i n c i p l e s ( G A A P ) , U . S . S e c u r i t i e s a n d E x c h a n g e C o mmi t t e e ( S E C ) , G r e e n P a s t u r e s S t a t i c B u d g e t I n c o me S t a t e me n t T u t o r i a l h e l p o n E x c e l ® a n d Wo r d f u n c t i o n s c a n b e f o u n d o n t h e Mi c r o s o f t ® O ffi c e w e b s i t e . T h e r e a r e a l s o a d d i t i o n a l t u t o r i a l s v i a t h e w e b o ff e r i n g s u p p o r t f o r O ffi c e p r o d u c t s . S c e n a r i o : G r e e n P a s t u r e s i s a 4 0 0 - a c r e f a r m o n t h e o u t s k i r t s o f t h e K e n t u c k y B l u e g r a s s , s p e c i a l i z i n g i n t h e b o a r d i n g o f b r o o d ma r e s a n d t h e i r f o a l s . A r e c e n t e c o n o mi c d o w n t u r n i n t h e t h o r o u g h b r e d i n d u s t r y h a s l e d t o a d e c l i n e i n b r e e d i n g a c t i v i t i e s , a n d i t h a s ma d e t h e b o a r d i n g b u s i n e s s e x t r e me l y c o mp e t i t i v e . T o me e t t h e c o mp e t i t i o n , G r e e n P a s t u r e s p l a n n e d i n 2 0 1 7 t o e n t e r t a i n c l i e n t s , a d v e r t i s e mo r e e x t e n s i v e l y , a n d a b s o r b e x p e n s e s f o r me r l y p a i d b y c l i e n t s s u c h a s v e t e r i n a r y a n d b l a c k s mi t h f e e s . T h e b u d g e t r e p o r t f o r 2 0 1 7 i s p r e s e n t e d a s a n a t t a c h me n t . A s s h o w n , t h e s t a t i c i n c o me s t a t e me n t b u d g e t f o r t h e y e a r i s b a s e d o n a n e x p e c t e d 2 1 , 9 0 0 b o a r d i n g d a y s a t $ 2 5 p e r ma r e . T h e v a r i a b l e e x p e n s e s p e r ma r e p e r d a y w e r e b u d g e t e d : f e e d $ 5 , v e t e r i n a r y f e e s $ 3 , b l a c k s mi t h f e e s $ 0 . 2 5 , a n d s u p p l i e s $ 0 . 5 5 . A l l o t h e r b u d g e t e d e x p e n s e s w e r e e i t h e r s e mi fi x e d o r fi x e d . D u r i n g t h e y e a r , ma n a g e me n t d e c i d e d n o t t o r e p l a c e a w o r k e r w h o q u i t i n Ma r c h , b u t i t d i d i s s u e a n e w a d v e r t i s i n g b r o c h u r e a n d d i d mo r e e n t e r t a i n i n g o f c l i e n t s . D e v e l o p a mi n i mu m 7 0 0 - w o r d e x a mi n a t i o n o f t h e fi n a n c i a l s t a t e me n t s a n d i n c l u d e t h e f o l l o w i n g : B a s e d o n t h e s t a t i c b u d g e t r e p o r t : Wh a t w a s t h e p r i ma r y c a u s e ( s ) o f t h e l o s s i n n e t i n c o me ? D i d ma n a g e me n t d o a g o o d , a v e r a g e , o r p o o r j o b o f c o n t r o l l i n g e x p e n s e s ? We r e ma n a g e me n t ' s d e c i s i o n s t o s t a y c o mp e t i t i v e s o u n d ? P r e p a r e a fl e x i b l e b u d g e t r e p o r t f o r t h e y e a r . B a s e d o n t h e fl e x i b l e b u d g e t r e p o r t : Wh a t w a s t h e p r i ma r y c a u s e ( s ) o f t h e l o s s i n n e t i n c o me ? D i d ma n a g e me n t d o a g o o d , a v e r a g e , o r p o o r j o b o f c o n t r o l l i n g e x p e n s e s ? We r e ma n a g e me n t ' s d e c i s i o n s t o s t a y c o mp e t i t i v e s o u n d ? Wh a t c o u r s e o f a c t i o n d o y o u r e c o mme n d f o r t h e ma n a g e me n t o f G r e e n P a s t u r e s ? S h o w y o u r w o r k i n Mi c r o s o f t ® Wo r d o r E x c e l ® . C o mp l e t e
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