The prepared fiscal year-end report for the Institute, as reported below is based on June 30th, 2015 YTD actual expenditures through period 14. The Institute operated within its approved FY15 budget, ending its fiscal year with a positive balance of $204,531. With the assumed obligation of contributing $400,000 of gifts from the family to the facility fund code in arrears, the Institute transferred $204,000 of the remaining core balance and used $196,000 of its reserve to pay down the debt. As a result of the transfers, the Institute has a reserve and core balance of $54,000 and $531.78, respectively. Notable variances are identified as follows: (1) a negative payroll variance of $5.2k is a result of actual salary rates, position changes,
My favorite photograph from this presentation was probably the photograph of all the elephants who were standing together, this photograph was taken at night which I think added to why I liked it. The background behind the elephants is also beautiful, the sky just adds something to this photograph.
FUTRONICS Inc. is a private company located in Lexington mainly categorized for modems, monitors, disk drives and terminals. It is moreover in to sales and services. This case is about the replacement of Futronics’s central office stores by an outside service provider. In this case supply management manager have an opportunity for investigating selected outsourcing in-house services.
Failure to handle these situations properly can lead to huge product liability suits and even bankruptcy.
Corporate finance is important to all managers because it allows a manager to be able to predict the funds the company will need for their upcoming projects and think about ways to organize and acquire those funds.
March of Dimes total asset decreased from the beginning of the year to the end of the year. March of Dimes started with $112,862,958 dollars and ended with $94,169,960 dollars. I am not sure why their asset decreased, it could be that March of Dimes occurred more expenses towards the end of their fiscal year.
Time period covered by the Annual Report is: the fiscal year that ended on August 30, 2015 (8/31/14 – 8/30/15).
- Cost Variance (CV): The Cost Variance indicates a value which is a measure of how much the project is either overspent or underspent at any given point in time. For any given point in time, once the EV and AC are known the CV can easily be calculated. The formula for CV is quite simply: CV = EV – AC. Here a positive value indicates that the project is under spent at the current point in time and a negative value would indicate the opposite that a project is over spent at the current point in time. The Cost Variance at the end of the project is calculated as follows: CV = BAC – AC. The same above rationale is applied to positive and negative numbers to indicate if the project is under spent or over spent respectively.
Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead.
Now for the in-depth financial analysis of Lee College. Lee College is a private, not-for-profit college. By looking at the Statement of Activities, Lee College looks healthy. While there is a decrease in unrestricted assets for the year, the overall increase in net assets is approximately $3.9M. One concern could be the lack of unrestricted surplus which may be needed for establishing working capital, expanding/replacing facilities, retiring debt or continuing a program beyond the period of initial funding. My assumption is that
MegaCorp is a large manufacturing firm that operates 5 factories in Dallas, 4 factories in Los Angeles, and 5 factories in Albany, New York. It operates a tightly connected order management system that coordinates orders, raw materials, and inventory across all 14 factories. What type of WAN architecture and WAN service would you recommend? Why?
projections. But as the company finished its 2010 fiscal year at the end of April—with financial
For your job as the business reporter for a local newspaper, you are asked to put together a series of articles on multinational finance and the international currency markets for your readers. Much recent local press coverage has been given to losses in the foreign exchange markets by JGAR, a local firm that is the subsidiary of Daedlufetarg, a large German manufacturing firm.
Companies will have set guidelines to trigger the need for a variance report such as variances over a specific percentage or dollar amount. (Cleverly, Song, & Cleverly, 2011, Pg. 381) In an analysis of revenues, a negative variation is unfavorable; in an analysis of costs, a negative variation is favorable. (Dove & Forthman, 1995) Variation is calculated by subtracting the expected or budgeted figure from the actual figure for each variable. The variable figure is then divided by the expected figure in order to establish a percentage of the variance. Wages that are over the budgeted amount would be an unfavorable variance and would be an indication that there is a need for a variance report. (Dove & Forthman, 1995) Supply costs being less than the budgeted amount would be a favorable variance, however it could result in the supplies budget being reduced if there is not a reasonable explanation as to the cause for the variance. Therefore, a variable department manager would ask for a variance report detailing the reason for the variance to be completed, otherwise it appears as if the budget is overstated and needs to be reduced.
As Star River is a private company and has not issued stock, we need to make several assumptions when calculating market value of equity and price of equity. Analysis of similar companies reveals that Wintronics, Inc. and STOR-Max Corp. are the most similar firms in the market. To calculate Star River’s market value of equity I used market to book value method. I found M/B for Wintronics to be 4.4 (market price per share/book value per share) and 3.9 for STOR-Max. an average M/B ratio is 4.15, so multiplying Star River’s book value of equity of 47004 by 4.15 I found Star River’s market value of equity to be SGD195,066.6M. Average beta of these two companies is 1.615. The global equity market premium is 6%, and I use 10 year Singapore T-bond yield of 3.6% as my risk free rate.