Part -1:
Assignment: Planning, Leading, and Decision-making
In these exercises you will work with business projections and leadership approaches to decision-making based on business data. To the extent that you can master these necessary skills you can become a more effective manager.
Complete the following exercises in WileyPLUS and in a Word document (i.e., for the two essay questions):
Exercise 5-26: Complete in WileyPLUS
Based on business and leadership projections related to cash, cash collections, and cash disbursements related to business decision-making, determine (a) required financing and (b) principal and interest payments.
Problem 5-35 (Comprehensive): Complete in WileyPLUS
Evaluate leadership approaches to the process of decision-making based on the following management case information: (a) prepare the cash receipts budget, (b) determine an ending Accounts Receivable balance, and (c) prepare a comprehensive cash budget.
Problem 6-32 (Comprehensive): Complete in WileyPLUS
Based on a manufacturing environment and given production factors, evaluate leadership approaches to the process of decision-making including (a) calculate direct materials price and quantity variances, (b) calculate direct labor rate and efficiency variances, (c) calculate variable overhead spending and efficiency variances, and (d) calculate fixed overhead spending variance.
Essay Questions: Submit to the Dropbox
Essay Question 182
Complete the essay questions in one Word document and submit to the Dropbox:
Management by exception focuses only on those variances management considers important. List three factors that managers use in deciding whether or not to investigate a variance and give an example of each.
Essay Question 183
Managers use budgeting to control and evaluate their operations. Two types of budgets that are discussed in chapter 6 are the static budget and the flexible budget. How do the two budgets differ and explain how the flexible budget is used in evaluating performance.
You must access your unit Assignment exercises and problems in WileyPLUS. All of the problems and exercises should be completed within WileyPLUS except the two essay questions 182 and 183 which should be created in one Word document and uploaded to the Dropbox for Unit 3 Assignment before the end of the unit. Your grade will be automatically entered in the gradebook after you submit your responses for the WileyPLUS portion. Your essay portion will be graded by your instructor.
Part -2:
Project Part 1: Project: Strategic Decision-making, and Heuristics
In Project Part 1, you use CVP analysis and create a balanced scorecard using various types of financial and non-financial measurements regarding multiple stakeholder perspectives to give a more balanced view of business performance.
You have the opportunity to conduct research that will enhance your value as an asset to the organization for which you work. Your critical thinking and credibility as a communicator of information are vital, much desired, skills. Recent research conducted by Kaplan University's School of Business and Information Technology establishes that critical thinking and credibility in written communications are the two most important skills needed to meet the demands of the changing global business environment.
Part 1: Note: This is Part 1 of the Project - A case study due in Unit 4 (Part 2 will be completed in Unit 5).
Part 1 of the Project, due at the end of this unit, requires you to complete an analysis and evaluation of a manufacturing organization. This evaluation will also provide the foundation for Part 2 of the Project. "The Organization" may be understood and used in three ways:
You may use your own employer as the basis for the Project - IF your employer is a manufacturer, is appropriate to the Assignment and has the requisite information to support a graduate-level analysis. Use of an organization that is not appropriate may result in a diminished score. If you have any doubts, please contact your instructor for additional guidance.
Another possibility would be to use a local manufacturing company willing to help you with your Project, even if you are not an employee.
Next, if you are not employed, or if your employer is not appropriate to the assignment, you may select a different organization. You may use any organization of your choosing, but it must be appropriate to the Project.
NOTE: If you are self-employed or own your own company - it would NOT be an appropriate research subject. You must select another company to meet the requirements of the Project. One method for choosing a company will be to do an on-line search for a company that might interest you; then you may search the company's website as the basis for your Project.
Project Part 1 Checklist
For additional help select here.
After you have completed the Project part 1 paper, upload your Word document to the Unit 4 Project Dropbox before 11:59 p.m. (ET), on Tuesday of Unit 4. Name your Assignment filename using this format: LastName_FirstName_Unit#_AssignmentName. For example, this Assignment will be named: Smith_Joan_Unit04_Project1.
Assignments submitted late will be subject to the Late Policy described in your Syllabus.
The Unit 4 Project Part 1 rubric has been provided here on the rubric icon. The rubrics are an integral part of all Assignment instructions. Please review the rubric document for a complete understanding of how your Assignments will be assessed. Doing so will help you successfully complete your Assignments.
One additional and extremely important note: You will not be eligible to complete the Project Part 2 PowerPoint Presentation unless the Project Part 1 has been submitted.
Attachment:- Decision-making.zip