Fin/486 week 2 department budgets

Your Learning Team is the financial management team for Huffman Trucking, responsible for creating the financial portion of a strategic plan. You must obtain information from the marketing, sales, operations, and human resources departments to complete it.

Resource: Virtual Organizations web link

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Review Huffman Trucking’s financial information within the Virtual Organizations web link located on the course materials page.

Create a spreadsheet for each department manager to complete his or her budget. Refer to the finance and accounting information for budget examples.

Include an area in each spreadsheet for managers to list major assumptions.

Draft a memo directed to department managers, containing the following information:

  • A summary of team players and their role in creating a strategic plan
  • Instructions explaining how managers should complete their budgets in the spreadsheets, including information needed to prepare a cash flow budget, and to time cash coming in and going out

Create a sales forecast predicting sales over the next 2 years. Use financial information available on the Huffman Trucking Web site to create the forecast.

Format the memo consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

 

CRITERIA

NEEDS IMPROVEMENT

Minimum Points

SATISFACTORY

Medium Points

EXCEPTIONAL

Maximum Points

CONTENT
40%

 

The writer does not demonstrate cursory understanding of subject matter, and the purpose of the paper is not stated.  The objective, therefore, is not addressed and supporting materials are not correctly referenced.


27.9 or FEWER POINTS

The writer demonstrates limited understanding of the subject matter in that theories are not well connected to a practical experience or appropriate examples, though the attempt to research the topic is evident, and materials are correctly referenced.


28 to 35.9 POINTS

The writer demonstrates an understanding of the subject matter by clearly stating the objective of the paper and links theories to practical experience.  The paper includes relevant material that is correctly referenced, and this material fulfills the objective of the paper.


36 to 40 POINTS

ORGANIZATION

30%

 

Paragraphs do not focus around a central point, and concepts are disjointedly introduced or poorly defended (i.e., stream of consciousness).

 

 

 

 

20.9 or FEWER POINTS

Topics/content could be organized in a more logical manner.  Transitions from one idea to the next are often disconnected and uneven.

 

 

 

21 to 26.9 POINTS  

The writer focuses on ideas and concepts within paragraphs, and sentences are well-connected and meaningful.  Each topic logically follows the objective.  The introduction clearly states the objective, ideas leading to the purpose of the paper, and a conclusion draws the ideas together.

 

27 to 30 POINTS

FORMAT
5%

 

The paper does not conform to APA style.

3.4 or FEWER POINTS

The paper does not conform completely to APA style (e.g., margins, spacing, pagination, headings, headers, citations, references, according to the APA Manual).


3.5 to 4.4 POINTS

The paper is correctly formatted to APA style (e.g., margins, spacing pagination, headings, headers, citations, references, according to the APA Manual).

4.5 to 5 POINTS 

GRAMMAR,  PUNCTUATION, & SPELLING

10%

 

The writer demonstrates limited understanding of formal written language use; writing is colloquial (i.e., conforms to spoken language).  Grammar and punctuation are consistently incorrect.  Spelling errors are numerous.

7 or FEWER POINTS

The writer occasionally uses awkward sentence construction or overuses and/or uses inappropriate complex sentence structure.  Problems with word usage (e.g., incorrect use of Thesaurus) and punctuation persist, often causing difficulties with grammar.  Grammar, spelling and punctuation are occasionally incorrect.
7 to 8.9 POINTS

The writer demonstrates correct usage of formal English language in sentence construction.  Variation in sentence structure and word usage promotes readability.  There are no spelling, punctuation, or word usage errors.

9 to 10  POINTS

READABILITY & STYLE

15 %

 

The writer struggles with limited vocabulary and has difficulty conveying meaning such that only the broadest, most general messages are presented.

10.4 or FEWER POINTS

Some words, transitional phrases, and conjunctions are overused.  Ideas may be overstated, and sentences with limited contribution to the subject are included.

10.5  to 13.4 POINTS 

The reading audience is correctly identified, demonstrated by appropriate language usage (i.e., avoiding jargon and simplifying complex concepts appropriately).  Writing is concise, in active voice, and avoids awkward transitions and overuse of conjunctions.
13.5 to 15 POINTS

 

 FIN/486 Week 1 Business Ethics

http://www.homeworkmarket.com/content/fin486-week-1-business-ethics

 

FIN/486 Week 2 Department Budgets

http://www.homeworkmarket.com/content/fin486-week-2-department-budgets

 

FIN/486 Week 2 Media Summary – Adjust

http://www.homeworkmarket.com/content/fin486-week-2-media-summary-adjust

 

FIN/486 Week 3 Long-Term Financial Needs

http://www.homeworkmarket.com/content/fin486-week-3-long-term-financial-needs

 

FIN/486 Week 3 Department Forecasts

http://www.homeworkmarket.com/content/fin486-week-3-department-forecasts

 

FIN/486 Week 4 Capital Budgeting Scenarios

http://www.homeworkmarket.com/content/fin486-week-4-capital-budgeting-scenarios

 

FIN/486 Week 4 Capital Risk Assessment

http://www.homeworkmarket.com/content/fin486-week-4-capital-risk-assessment

 

FIN/486 Week 5 Strategic Financial Plan

http://www.homeworkmarket.com/content/fin486-week-5-strategic-financial-plan

 

FIN/486 Week 5 Media Summary – Adjusted

http://www.homeworkmarket.com/content/fin486-week-5-media-summary-adjusted

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