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Assignment Objectives

Course Objectives

Predict some budgeting issues, including format and budget monitoring.

Calculate the cost of capital, capital budgeting, debt instruments, and markets.

Tabulate the different kinds of budgets and the different budgeting techniques.

Differentiate budgeting operational plans, cost categories, and budgeting guidelines.

Conclude who should be involved in budgeting.

Explain why it is important for an organization, a project, or a department to have a budget.

Assignment Details

Deliverable Length:  3 paragraphs

How will accomplishing the above course objectives support your success in financial management? What risks or challenges might a financial manager encounter if they have not mastered these objectives? Explain.

Chapter 19: Small Business Dilemma

Ensuring Payment for Products Exported by the Sports Exports Company

The sports exports company produces footballs and exports them to a distributor in the United Kingdom. It typically sends footballs in bulk and then receives payment after the distributor receives the shipment. The business relationship with the distributor is based on trust. Although the relationship was worked thus far, Jim Logan, the owner of the sports exports company, is concerned about the possibility that the distributor will not make its payment.

1. How could Logan use a letter of credit to ensure that he will be paid for the products he exports?

2. Logan has discussed the possibility of expanding his exports business through a second sporting goods distributor in the UK, this second distributor would cover a different territory than the first distributor. The second distributor is only willing to engage in a consignment arrangement when seeking footballs to retail stores. Explain the risk to Logan beyond the typical risk he incurs when dealing with the first distributor. Should he pursue this type of business?

Chapter 20: Question 8 and Small Business Dilemma

8. Break-Even financing

Providence Co. needs dollars. Assume that the local 1-year loan rate is 15 percent, while a 1-year loan rate on euros is 7 percent. By how much must the euro appreciate to cause the loan in euros to be more costly than a U.S. dollar loan?

Small business dilemma:

Short-term financing by the sports exports company

At the current time, the sports exports company focuses on producing footballs and exporting them to a distributor in the United Kingdom. The exports are denominated in British pounds. Jim Logan, the owner, plans to develop other sporting goods products besides the footballs that he produces. his entire expansion will be focused on the United Kingdom, where he is trying to make a name for his firm. He remains concerned about his firm’s exposure to exchange rate risk but does not plan to let that get in the way of his expansion plan to let that get in the way of his expansion plan because he believes that his firm can continue to penetrate the British sporting goods market. He has just negotiated a joint venture with a British firm that will produce other sporting goods products that are more popular in the United States (such as basketballs) but will be sold in the United Kingdom. Logan will pay the British manufacturer in British pounds. These products will be delivered directly to the British distributor rather than to Jim, and the distributor will pay loan with British pounds.

Logan’s expansion plans will result in the need for additional funding. Logan would prefer to borrow on a short-term basis now. He has an excellent credit rating and collateral and therefore should be able to obtain short-term financing. The British interest rate is one-fourth of a percentage point above the U/S interest rate.

1. Should Logan borrow dollars or pounds to finance his joint venture business? why?

2. Logan could also borrow euros at an interest rate that is lower than the U.S. or British rate. The values of the euro and pound tend to move in the same direction against the dollar but not always by the same degree. would borrowing euros to support the British joint venture result in more exposure to exchange rate risk than borrowing pounds? would it result in more exposure to exchange rate risk than borrowing dollars?

Assessment Instructions

Gabriel García Márquez presents two vivid portrayals of a Spider-Girl and an Angel in his short story entitled “A Very Old Man with Enormous Wings.”

Compare and contrast the effectiveness of the different portrayals and how the author uses them to explore qualities in human life.

Create a five paragraph essay.

Underline your thesis statement, which (for the purposes of this assessment) should occur in the first paragraph.

Underline the topic sentences in each of the three body paragraphs.

In the fifth and concluding paragraph, revisit the thesis of your essay and recapture the main points of the argument without simply restating the thesis and the topic sentences.

The following questions should be answered individually in essay format. Each answer to a question needs to be 1-2 pages each, double spaced, Times New Roman, 12pt. font. All sources should be cited. The time frame is 24 hours to receive the answer to all questions. The questions are as follows:

1. Why might it be good for members of a corporation’s board of directors to own the firm’s stock?

2. What happens to a monopoly’s revenue when it sells more units of its product?

3. What is “human capital,” and how does human capital affect labor productivity and economic growth?

Assignment 2: Job Analysis Theory and Techniques

The purpose of this assignment is to further your understanding of a variety of job analysis approaches and considerations, while allowing you to practice your research skills and your professional persuasive communication ability.

Click here to view the job description of a project manager.

Using Cheryl’s job at Carbon Corp as an example (see the job description above), initially propose and then defend the merit of the techniques and approaches that support your approach.

In this assignment, you will assume the position of an industrial organization (I/O) professional submitting a proposal to Carbon Corp, which is soliciting bids for a job analysis of the project manager position. You do not need to create a full proposal. Your response should focus only on the part of the proposal that discusses the specific job analysis approach you endorse.

You will propose and defend the use of the job analysis technique(s) that you believe is most appropriate for this job analysis project. Ensure you support your position with relevant research. Focus on persuading Carbon Corp that your suggested approach is the best one for this particular job.

After your initial post, read and contemplate the merits of, as well as any concerns you may have with, the suggestions of your classmates regarding the theories and techniques used to generate information, factors affecting performance, and attributes of a person suited for the job.

In your follow-up posts, you are encouraged to discuss the pros and cons of other students’ approaches to the job analysis.

Submission Details:

• By Saturday, October 3, 2015, post your responses to this Discussion Area.
• Through Wednesday, October 7, 2015, respond to at least two of your classmates’ posts. Use the following questions to frame your initial response:
  • What techniques can be used to generate information for a job analysis in this case? Identify the most suitable approach to this job analysis, including specific measures, on the basis of your understanding and application of theory and research.
  • What are the physical, social, and psychological factors that affect performance? Why?
  • What attributes would a person need to perform the tasks for the job? Why?
  • Highlight an experience or insight gained from reading the classmate’s response.

Discussion 1:

The project scope is probably the most overlooked deliverable in modern project management practice. The project scope is the road map to project completion, yet many projects, especially in large companies (e.g., Fortune 500), do not have a project scope. There is a direct link between the success/failure of the project and the existence of a project scope.

Explain why it is important to deliver a comprehensive scope statement at the beginning of the project. Are there any instances where the scope statement can or should be omitted?

Discussion 2:

The success or failure of any project depends on the project manager’s ability to control the triple constraint. Cost, schedule, and scope are directly related, thus an inability to control and monitor each one of these constraints will result in total failure. Describe some of the techniques that project managers can employ to control the triple constraint.

Discussion 3:

Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When autonomous expenditure increases or decreases, it has a multiplied effect on the GDP.

Referring to the 10-year historical period 1980-1990, discuss an example of a change in autonomous spending. Research a government policy implemented during that time and discuss the multiplier effect it had on the economy.

2 pages plus references

The new chief executive officer (CEO) of your company is a strong believer in the four functions of management theory. In preparation for a management meeting, he has asked you to write a report that he can use to explain the theory to his management team. In the report, he would like to see some specific examples of firms that practiced these four functions. For a company with which you are familiar, use each of the four functions to do the following:

• Assess how the overall management team performed in terms of the four functions of management, which are as follows:
  • Planning
  • Organizing
  • Leading
  • Controlling
• Identify and explain the strong points of the managers.
• Identify and explain areas in which improvement is needed.

If you do not have any firsthand experiences, ask friends or colleagues for anecdotes or search the Web for specific, real-life examples.

Specifically regarding the controlling function of management, answer the following questions:

• How did most employees feel about the monitoring of activities that managers put in place to monitor employee performance and overall company performance?
• How well was the need for control and monitoring explained to everyone before the controls were put in place?
• Did the controls have a meaningful impact on the overall department or company performance? Cite some specific examples.

There are three (3) short essay questions that must be answered in APA style.  Each essay must be between 300-400 words, and should contain at least one in-text citation from the text book (Macroeconomics, McEachern). All other sources must be cited as well.  Basically, I’m looking for these three questions to fill 1-1/2 to 2 double-spaced pages.  Each essay should be grammatically correct, contain no punctuation errors, contain no typos, and have proper sentence structure.  Each essay must be completely void of plagiarism.

When describing how banks create money, answer the following question:

1)  Show how each of the following would initially affect a bank’s assets and liabilities.

• Someone makes a $10,000 deposit into a checking account.
• A bank makes a loan of $1,000 by establishing a checking account for $1,000
• The loan described above is spent.
• A bank must write off a loan because the borrower defaults.

When summarizing the Fed’s tools of monetary policy, answer the following question:

2) What tools does the Fed have to pursue monetary policy? Which tool does it use the most?

3)  Suppose the money supply is currently $400 billion and the Fed wishes to increase it by $100 billion.

• Given a required reserve ration of 0.25, what should it do?
• If it decided to change the money supply by changing the required reserve ratio, what change should it make?  Why may the Fed be reluctant to change the reserve requirement?

Research several SCM system software packages and named them and create a chart that describes each software packages and their attributes. Also Include the five components of the supply chain management system in your comparison.