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Suppose a $100 increase in desired investment spending ultimately results in a $300 increase in real GDP. What is the size of the multiplier?

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Extra Credit 2
1. Suppose the government’s national income and product accounts reveal the following information (in millions of dollars). Show work to receive full credit.
Consumption 525 Investment 110 Government spending 72 Exports 50 Imports 65 Employee compensation 462 Interest 59 Rents 29 Profits 142 Depreciation 70 Net foreign factor income 10
a. Using the data in the table, verify that the income approach and the expenditure approach yield the same measure of GDP.

b. Find GNP, NDP and NNP.

2. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from firm Y and $300 worth goods from firm Z; and produces 250 units of output at $4 per unit. Firm Y buys $150 worth goods from firm X, and $250 worth goods form firm Z; and produces 300 units of output at $6 per unit. Firm Z buys $75 worth goods from X, and $50 worth goods from firm Y; and produces 500 units at $2 per unit. Given this information, what is the economy’s GDP? Show work to receive full credit.

3. Recent data for the country Krypton reveal the following (all figures in millions). Show work to receive full credit.
Total population 100 Under 16 or institutionalized 20 Employed 50 Unemployed 10
a. The size of the labor force.

b. The size of “not in the labor force.”

c. The unemployment rate.

d. Labor force participation rate

e. Employment-population ratio

4. Suppose the natural rate of unemployment is 4.5% and the current unemployment rate is 6%. Show work to receive full credit.
a. According to Okun’s law, what is the size of the GDP gap?

b. If potential GDP is $1,000 billion, how much output is being lost as a result of the economy being below its potential?

5. Nominal GDPt = quantityt * pricet. Real GDPt = quantityt * pricebase year. Growth rate of Xt = [(Xt-Xt-1)/Xt-1]*100. GDP deflator = (nominal GDPt /real GDPt)*100. Inflation rate = [(Pt-Pt-1)/Pt-1]*100. Show work to receive full credit.
a. Calculate nominal GDP, Real GDP in 2012 and in 2015 dollars:
Year Quantity Price Nominal GDP
Real GDP 2012$
Real GDP 2015$
2012 1000.00 $10

2013 1100.00 $11

2014 1000.00 $13

2015 1200.00 $16
b. Find the growth rates of nominal GDP for 2013, 2014, and 2015.

c. Find the growth rates of real GDP (using 2012$) for 2013, 2014, and 2015.

d. Find the growth rates of real GDP (using 2015$) for 2013, 2014, and 2015.
e. Calculate GDP deflator (using 2012$) and inflation rates for 2013, 2014, and 2015.

f. Calculate GDP deflator (using 2015$) and inflation rates for 2013, 2014, and 2015.

6. Consider the following data for a hypothetical economy. Show work to receive full credit.
Year Real GDP
Population
1 $50,000 200 2 $51,400 202
a. Calculate the growth rate of real GDP over the year.

b. At this rate of growth, approximately how many years will pass before real GDP doubles?

c. Find real GDP per capita in each of the two years. Using these two values, calculate the growth rate of real GDP per capita over the year.

d. At this rate of growth, approximately how many years will pass before real GDP per capita doubles?

7. A hypothetical economy’s consumption schedule is given in the table below. Show work to receive full credit.
GDP=DI C 6600 6680 6800 6840 7000 7000 7200 7160 7400 7320 7600 7480 7800 7640 8000 7800
Use the information to answer the following:
a. If disposable income were $7400, how much would be saved?

b. What is the “break-even” level of disposable income?

c. What is this economy’s marginal propensity to consume?

d. What is the average propensity to consume when disposable income is $7000? When disposable income is $8000?

8. Multiplier effect. Show work to receive full credit.
a. Suppose a $100 increase in desired investment spending ultimately results in a $300 increase in real GDP. What is the size of the multiplier?

b. If the MPS is .4, what is the multiplier?

c. If the MPC is .75, what is the multiplier?

d. Suppose investment spending initially increases by $50 billion in an economy whose MPC is 2/3. By how much will this ultimately change real GDP?

9. The consumption and investment schedules for a private closed economy are given in the following table. Show work to receive full credit.
GDP=DI C I 6600 6680 80 6800 6840 80 7000 7000 80 7200 7160 80 7400 7320 80 7600 7480 80 7800 7640 80 8000 7800 80
Use the values in the table to answer the following:
a. What is the equilibrium level of GDP?

b. What is the level of saving at the equilibrium level of GDP?

c. Suppose actual GDP is $7600. How much unplanned inventory change will occur? What will likely happen to GDP as a result?

10. Suppose a private closed economy has an MPC of .8 and a current equilibrium GDP of $7400 billion. Show work to receive full credit.
a. What is the multiplier in this economy?

b. Now suppose the economy opens up trade with the rest of the world and experiences net exports of $20 billion. What impact will this have on equilibrium real GDP?
c. Next suppose a government is introduced, and plans to spend $100 billion. By how much will this change in spending ultimately cause GDP to change, and in what direction? d. In order to finance this expansion of government spending, suppose the government decides to levy a lump-sum tax of $100 billion. By how much will GDP change, and in what direction?

11. Suppose an economy can be represented by the following table, in which employment is in millions of workers and GDP and AE are expressed in billions of dollars. Show work to receive full credit.
Employment Real GDP
Aggregate Expenditures 100 1200 1275 105 1300 1350 110 1400 1425 115 1500 1500 120 1600 1575 125 1700 1650
Use the table to answer the following:
a. What is the equilibrium level of GDP?

b. What kind of expenditure gap exists if full employment is 120 million workers? What is its size?
c. Suppose government spending, taxes, and net exports are all independent of the level of real GDP. What is the multiplier in this economy?

d. Suppose instead that the economy is producing at equilibrium GDP. If this GDP is $200 billion below the economy’s potential, what is the size of the recessionary expenditure gap?

12. The following table shows the average retail price of butter and the Consumer Price Index (CPI) from 1980 to 2000, scaled so that the CPI = 100 in 1980. Inflation = [(CPI2000/CPI1980) – 1] *100. Real price of butter in year t = (CPIbase year/CPIt) *(nominal price of butter in year t). Percentage change = [(final – beginning) / beginning] *100. Show work to receive full credit.

a. Calculate the inflation from 1980 to 2000.

b. Calculate the real price of butter in 1980 dollars. What is the percentage change in the real price (1980 dollars) from 1980 to 2000? Hint: the base year is 1980.
1980 1985 1990 1995 2000
Real price of butter (1980 $)

c. Calculate the real price of butter in 2000 dollars. What is the percentage change in the real price (2000 dollars) from 1980 to 2000? Hints: the base year is 2000.
1980 1985 1990 1995 2000
Real price of butter (2000 $)

d. Does it matter which year is chosen as the base year when calculating percentage changes in real prices

Analyze and explain whether the Delaware restriction on the sale of Shine It violates the Interstate Commerce Clause.

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Read in Content, the module, “Policies: Learning Activities for guidance on preparing outstanding Learning Activities.

Writing Policies for Learning Activities and Discussions:

Writing is a competency of The Undergraduate School.  You are expected to demonstrate writing skills following these guidelines:

  • Write in the third person, never the first person,
  • Use complete sentences that are error-free, clear, and complete,
  • Use paragraph format, unless otherwise instructed,
  • Write as if the reader is an “alien being” with no knowledge of the concepts/issues,
  • Write in a detailed, specific, comprehensive way to explain each point clearly,
  • Support all conclusions, opinions, and reasoning with explanation and in-text cite(s), and
  • Do not use direct quotes; paraphrase ideas and information and cite to a resource, and
  • Never use contractions or informal slang expressions.

General Instructions for Learning Activities   

  • Read/watch all assigned materials listed for the week in Overview above
  • Cite to assigned materials in all responses in Learning Activities
  • Use only assigned materials to complete Learning Activities; do not use the internet unless otherwise instructed
  • Include in-text citations and a Reference List for in-text citations
  • Write in correct, complete sentences, in paragraph format unless otherwise instructed
  • Submit Learning Activities to Assignment Folder

Review Content modules:

  • Writing Introductory Sentences and Paragraphs
  • Writing Concluding Paragraphs
  • How to Support Arguments and Positions

Tips for Formatting and Structuring Analysis:

  • Write in complete sentences in paragraph format.
  • Use in-text citations citing to relevant assignment materials.
  • Double space; 12-point Arial or Times Roman font.
  • Introductory Sentence:  Begin with an introductory sentence or very brief paragraph that states your conclusion to the questions asked.
  • Concluding Sentence: End the discussion with a concluding sentence or a very brief paragraph that summarizes your conclusion/what you discussed.
  • Support Arguments and Positions:   Please refer to the module in Content, “How to Support Arguments and Positions”.

Background Facts You Need To Know: TLG has a new client, Clean-n-Shine (Clean), a commercial cleaning company incorporated and located in Maryland, but doing business in all Mid-Atlantic states. Clean uses its own line of cleaning products and also sells its products to other businesses via the internet.

Recently, the Delaware legislature enacted a law banning all sales and importation, until further notice, of Clean’s Shine It floor cleaner in Delaware.  It was discovered that one of the ingredients in Shine It, derived from corn, is contaminated and causes a quick-growing mold to spread on surfaces to which it is applied. The mold can be toxic to humans and can cause damage to floors.

Clean wants to expand its product line to sell Shine-It in Delaware.  If Clean can sell Shine-it in Delaware, it will increase its income and profits.  Clean, therefore, wants to challenge the new law as unconstitutional, and it has consulted TLG for advice.

Winnie and Ralph ask you to prepare a summary report of relevant constitutional law for a meeting with them and Clean’s owners.

Instructions

Report You Need to  Prepare: Prepare a report that addresses the following three questions:

  1. Analyze and explain whether the Delaware restriction on the sale of Shine It violates the Interstate Commerce Clause.

Fully explain your conclusions based on constitutional law.

  1. Analyze whether the doctrine of “police powers” derived from the 10th Amendment of the U.S. Constitution, applies to the Delaware law, and if so, why.

Fully explain your conclusions based on constitutional law

  1. Discuss why it is important for businesses to understand the impact of the Interstate Commerce Clause and state police powers.

Major Concepts: NO EXTERNAL SOURCES WILL BE USED ONLY CLASS RESOURCES.

Saylor:  Government Regulation and the Legal Environment of Business e-textbook:

Civil v. Criminal Law

APA General Citation Rule for In-text Citations: When there is no author given for a book, use the title of the book and the publication date.

The title of the book should be in italics; the publisher and publication date are not in italics.

How to cite a Saylor e-textbook or any e-textbook in an intext citation:

(Government Regulation and the Legal Environment of Business, 2012)

How to cite an e-textbook in the listing of References:

References

Government Regulation and the Legal Environment of Business (2012).  Saylor Academy.

Constitutional Power of Governments: 

The U.S. Constitution

Police Powers: 

Jurisdiction of Courts:

Alternative Dispute Resolution (ADR): 

Alternative Dispute Resolution (ADR)

What are the most common reasons you would select a non-parametric test over the parametric alternative?

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Instructions

This week your SPSS work will focus on explaining non-parametric tests. You will submit one Word document for this assignment, In the first part, you will provide short answers to the following questions.

Begin by downloading the following SPSS datasets:

  • Activity 8a.sav (found in Excel)
  • Activity 8b.sav (file you created in excel)
  • Activity 8c.sav (found in excel)

Part A. Questions about non-parametric procedures

  1. What are the most common reasons you would select a non-parametric test over the parametric alternative?
  2. Discuss the issue of statistical power in non-parametric tests (as compared to their parametric counterparts). Which type tends to be more powerful? Why?
  3. For each of the following parametric tests, identify the appropriate non-parametric counterpar
    1. Dependent t test
    2. Independent samples t test
    3. Repeated measures ANOVA (one-variable)
    4. One-way ANOVA (independent)
    5. Pearson Correlation

Part B. SPSS Assignment
In this part of the assignment, you will perform the non-parametric version of the tests you used previously. In each case, assume that you opted to use the non-parametric equivalent rather than the parametric test. Using the data files from earlier activities, complete the following tests and paste your results into the assignment Word document:

  1. Activity 8A: non-parametric version of the dependent t test
  2. Activity 8B: non-parametric version of the independent t test
  3. Activity 8C: non-parametric version of the single factor ANOVA

Length: 100-200 words per question

Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your paper should reflect scholarly writing and current APA standards

 

What is your definition of spiritual care? How does it differ or accord with the description given in the topic readings?

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What is your definition of spiritual care? How does it differ or accord with the description given in the topic readings? Explain.

Classroom Policies Per Instructor

Please be sure to answer all of the Discussion Question so you do not lose points. This is a minimum of 250 words (with citations and references per APA Format). Please be sure to use the doi for journal reference entries. Sources must be published within the last 5 years and appropriate for the assignment criteria and relevant to nursing practice.

Tips for answering this question with the consistency of previous assignments … I was raised in a Christian family and adopted this belief as my own.

Please ask me any questions if further information is needed.

Pls ask support team for login info

 

Chapters 13-15 in Called to Care: A Christian Worldview for Nursing.

URL: http://gcumedia.com/digital-resources/intervarsity-press/2006/called-to-care_a-christian-worldview-for-nursing_ebook_2e.php

“Medical Record – Spiritual Assessment” located on The Joint Commission website (2018).

URL:https://www.jointcommission.org/standards_information/jcfaqdetails.aspx?StandardsFaqId=1492&ProgramId=46

“Doing a Culturally Sensitive Spiritual Assessment: Recognizing Spiritual Themes and Using the HOPE Questions,” by Anandarajah, from AMA Journal of Ethics (2005).

URL: https://journalofethics.ama-assn.org/article/doing-culturally-sensitive-spiritual-assessment-recognizing-spiritual-themes-and-using-hope/2005-05

 

 

How ought the Christian think about sickness and health? How should a Christian think about medical intervention?

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Case Study: Healing and Autonomy

Mike and Joanne are the parents of James and Samuel, identical twins born 8 years ago. James is currently suffering from acute glomerulonephritis, kidney failure. James was originally brought into the hospital for complications associated with a strep throat infection. The spread of the A streptococcus infection led to the subsequent kidney failure. James’s condition was acute enough to warrant immediate treatment. Usually cases of acute glomerulonephritis caused by strep infection tend to improve on their own or with an antibiotic. However, James also had elevated blood pressure and enough fluid buildup that required temporary dialysis to relieve.

The attending physician suggested immediate dialysis. After some time of discussion with Joanne, Mike informs the physician that they are going to forego the dialysis and place their faith in God. Mike and Joanne had been moved by a sermon their pastor had given a week ago, and also had witnessed a close friend regain mobility when she was prayed over at a healing service after a serious stroke. They thought it more prudent to take James immediately to a faith healing service instead of putting James through multiple rounds of dialysis. Yet, Mike and Joanne agreed to return to the hospital after the faith healing services later in the week, and in hopes that James would be healed by then.

Two days later the family returned and was forced to place James on dialysis, as his condition had deteriorated. Mike felt perplexed and tormented by his decision to not treat James earlier. Had he not enough faith? Was God punishing him or James? To make matters worse, James’s kidneys had deteriorated such that his dialysis was now not a temporary matter and was in need of a kidney transplant. Crushed and desperate, Mike and Joanne immediately offered to donate one of their own kidneys to James, but they were not compatible donors. Over the next few weeks, amidst daily rounds of dialysis, some of their close friends and church members also offered to donate a kidney to James. However, none of them were tissue matches.

James’s nephrologist called to schedule a private appointment with Mike and Joanne. James was stable, given the regular dialysis, but would require a kidney transplant within the year. Given the desperate situation, the nephrologist informed Mike and Joanne of a donor that was an ideal tissue match, but as of yet had not been considered—James’s brother Samuel.

Mike vacillates and struggles to decide whether he should have his other son Samuel lose a kidney or perhaps wait for God to do a miracle this time around. Perhaps this is where the real testing of his faith will come in? Mike reasons, “This time around it is a matter of life and death. What could require greater faith than that?”

 

Do young people mould and carefully craft their online digital character and if so, how do they maintain this character’s reputation and social profile?

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My research question is aiming to find out how social media platforms allow young people to shape their digital environment and put forth different perspectives and personas in front of their followers and community. My
question will seek to find out things such as; Are young people obsessed with social media? Is it true that the more miserable you are, the happier your social media posts? How much does instant gratification play a part in
social media usage? Do young people feel freer and less restricted behind their social media accounts? Do young people mould and carefully craft their online digital character and if so, how do they maintain this character’s reputation and social profile?

Link to three articles with tips on how to plan, write and edit your dissertation:

http://www.theguardian.com/education/series/dissertation-dos-and-don-ts

The Guardian 21 & 25.3. 13 & 3.4.13

What are your areas of weakness within the leadership domain, and how did you determine a cluster as a weakness?

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OL 600 Module Four Journal Guidelines and Rubric Self Analysis: Behavioral Competency: The Leadership Domain
Overview: For this journal task, you will conduct a self-reflection of your current strengths and skill gaps related to the behavioral competencies within the leadership domain. You will also suggest ways to improve upon your weaknesses. This activity will help you practice the use of behavioral competencies that you will need to complete your final project.
Journals in this course are private between each student and the instructor.
Prompt: First, review the required module resources, carefully examining the behavioral competencies within the leadership domain. As a reminder, the two clusters within the leadership domain are leadership and navigation and ethical practice.
Once you are familiar with the leadership domain clusters, conduct a self-reflection and analysis by responding to the following questions.
 Strengths: What are your areas of strength within the leadership domain, and how did you determine a cluster as a strength? Provide supportive examples.  Weaknesses: What are your areas of weakness within the leadership domain, and how did you determine a cluster as a weakness? Provide supportive examples.  Strategies: What are your strategies for the development of behavioral competencies within the leadership domain? Provide supportive examples and information from your research.
Refer to the Module Four resources and other course materials to support your responses. Your instructor will provide feedback pertaining to your selfreflection and offer recommendations for skill development.
Rubric
Guidelines for Submission: Submit assignment as a Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Dedicate a minimum of one paragraph of analysis for each of the three questions listed above.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value Strengths Discusses areas of strength within the leadership domain, including how a cluster is determined as a strength, and supports responses with evidence Discusses areas of strength within the leadership domain, but does not sufficiently discuss how a cluster is determined as a strength, or does not support responses with evidence Does not discuss areas of strength within the leadership domain 30 Weaknesses Discusses areas of weakness within the leadership domain, including how a cluster is determined as a weakness, and supports responses with evidence Discusses areas of weakness within the leadership domain, but does not sufficiently discuss how a cluster is determined as a weakness, or does not support responses with evidence Does not discuss areas of weakness within the leadership domain 30 Strategies Discusses strategies for the development of behavioral competencies within the leadership domain and supports responses with evidence Discusses strategies for the development of behavioral competencies within the leadership domain, but discussion is cursory or lacking in detail, or responses are not supported with evidence Does not discuss strategies for the development of behavioral competencies within the leadership domain 30 Articulation of Response Journal assignment is free of errors in organization and grammar Journal assignment contains errors of organization and grammar, but the errors are limited enough that the assignment can be understood Journal assignment contains errors of organization and grammar that make the assignment difficult to understand 10 Total 100%

What is meant by Working Capital and, the meanings of Receivables, Inventory and Payables.

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Assessment Coursework Assessment code: 010 Academic Year: 2019/2020 Trimester: 2 Module Title: Business Finance Module Code: MOD003319 Level: 4 Module Leader: Tim Price Weighting: 50% Word Limit: 2500 This excludes bibliography and other items listed in rule 6.75 of the Academic Regulations: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf
Assessed Learning Outcomes
1-3
Submission Deadline :
This assignment must be received by no later than 14:00 on Friday, 27 March 2020
WRITING YOUR ASSIGNMENT:
• This assignment must be completed individually. • You must use the Harvard referencing system. • Your work must indicate the number of words you have used. Written assignments must not exceed the specified maximum number of words. When a written assignment is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in a lower mark being awarded for the piece of work (regulation 6.74). • Assignment submissions are to be made anonymously. Do not write your name anywhere on your work. • Write your student ID number at the top of every page. • Where the assignment comprises more than one task, all tasks must be submitted in a single document. • You must number all pages.
SUBMITTING YOUR ASSIGNMENT:
In order to achieve full marks, you must submit your work before the deadline. Work that is submitted late – up to five working days after the published submission deadline – will be accepted and marked. However, the element of the module’s assessment to which the work contributes will be capped with a maximum mark of 40%.
Work cannot be submitted if the period of 5 working days after the deadline has passed (unless there is an approved extension). Failure to submit within the relevant period will mean that you have failed the assessment.
Requests for short-term extensions will only be considered in the case of illness or other cause considered valid by the iCentre Adviser. Please contact iCentre@lca.anglia.ac.uk. A request must normally be received and agreed by the iCentre Adviser in writing at least 24 hours prior to the
deadline. See rules 6.56-6.65: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf
Mitigation: The deadline for submission of mitigation in relation to this assignment is no later than five working days after the submission date of this work. Please contact iCentre@lca.anglia.ac.uk See rules 6.103 – 6.132: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf
ASSIGNMENT QUESTION
Part 1
Mediterranean Delights Ltd (“MDL”) owns and operates 30 delicatessens throughout the South of England. It also supplies several chains of restaurants with its own range of imported products. The company last year had turnover in excess of £50 million. Two key corporate customers are Delios Ltd and San Pedro Ltd.
The company is managed by Wade, who owns 25% of the shares in the company, while the remaining 75% is split between three other family members.
The other shareholders are concerned about the business. Although there seems to be plenty of business coming in and the last year has been reasonably profitable (Operating profit was £5 million last year before interest and tax), the company’s debt has increased to £18 million from £16 million the year before. Wade has started talking about the need for the other shareholders to invest more money to reduce the debt.
Towards the end of last year MDL acquired a 40% stake in an Italian company which produces a range of premium pasta. MDL invested £10 million in the company to acquire the shares and has agreed to pay an £8 million advance fee for exclusive supply of the products.
The company is owed £1.5 million pounds for a series of large orders placed by Delios last year. There is also an outstanding dispute about a £2 million delivery to San Pedro completed in 2017. This has led to payment being withheld while negotiations continue between lawyers and industry consultants.
There is a further problem that Wade believes the San Pedro issue arose due to the supply of sub-standard materials by a Maltese agricultural group, Valetta Ltd in 2017. He has refused to pay Valetta which is now threatening legal action. In the meantime, a large stock of materials and supplies has built up at the company’s London warehouse. Wade insists that the company needs to have this level of stock for when the dispute is sorted out. He is also reluctant to press his key customers too hard for payment.
The other shareholders have approached MDL’s accountants to review the situation.

Requirements:
Prepare a report of up to 1,250 words for the shareholders addressing the following issues.
i. Using the reading list provided on the VLE, explain:
a. what is meant by Profit and Cashflow and how they are different
b. what is meant by Working Capital and, the meanings of Receivables, Inventory and Payables
c. how changes in Working Capital affect Cashflow (25 marks)
ii. Apply the concepts in (i) above to this company to show how the way the company is being managed might affect its financial results. (10 marks)
iii. Analyse and recommend what steps should now be taken to improve this company’s cashflow through better Working Capital management. (15 marks)
Part 2
Second Sight Plc is an international company which produces prescription glasses and sunglasses for a number of leading international brands.
The company has been operating for 25 years and had revenues last year of £250 million. It was listed on the London Stock Exchange 10 years ago and has a market capitalisation of £300 million with debt of £50 million. The founder, Nasser, is the CEO and owns 15% of the shares.
The company headquarters is located in Manchester which accommodates 40 staff including management, sales, finance, HR and administration. It has a production centre in the UK and another in France. In these centres it employs 250 staff.
The company is planning to open a new facility in the Netherlands and is considering a joint venture project with an Indian company. If the Indian venture goes ahead it would involve setting up a facility in Chennai which is expected to employ 800 staff.
The company has always used a traditional budgeting system. The Finance Director, Bridget, joined 3 years ago but is concerned that this approach might not be the most appropriate. However, if a change of budget approach is going to be made, she thinks it should happen in time for next year’s budget process. That way any “bugs” can be ironed out before the company goes through more significant changes in the following years.
Requirements:
Prepare a report of up to 1,250 words for the board addressing the following issues:
i. An understanding of the purposes of preparing a budget; an explanation of a) traditional budgeting approaches and b) the following alternative budget methods: rolling budgets, zero based budgets and activity-based budgets, explain their relative strengths and weaknesses (25 marks)
ii. Demonstrate the application of these methods showing how they might be used to plan future cost management for this specific business. Illustrate your answer with examples of how products and processes for this business would be budgeted for in a traditional approach and using the alternative methods (10 marks)
iii. Analysing whether a traditional or alternative budgetary system is appropriate to all or any parts of the business in its planned future form (15 marks)
(Total marks: 100)
ASSESSMENT CRITERIA
This assignment requires you to demonstrate your knowledge and understanding of a) the management of cash and b) budget techniques.
Your discussion for part 1 of the assignment should explain the difference between cashflow and profit. Your answer must identify and explain why the accounts of a business can report a profit but a shortage of cash, and discuss the consequences to a business of being short of cash. The general causes of cash flow problems should be analysed using the case study presented to you, particularly regarding the management of working capital. Methods for dealing with cash flow problems and managing cash for the business described should be proposed and evaluated.
Your answer for Part 2 of the assignment should focus on the role of budgets in the context of planning and control. Your answer must identify and explain traditional budgetary systems and on alternative systems such as ZBB, ABB and rolling budgets, and discuss how they work. Your answer should provide a breakdown of the advantages and disadvantages relating to each system identified.
You should ensure that your answers to both parts make specific reference to the business under discussion. You are not expected to show any specialist knowledge of the sector in which the business operates, but credit will be given for evidence that you have considered what issues might be specific to this company.

READING LIST
Your answers should be supported by the reading material provided on the VLE. It should be referenced using the Harvard guidelines. You should only use these texts for your work; it is not acceptable to ignore this reading list as it has been specifically chosen to provide suitable sources texts for the discussion. Do not conduct alternative research on the internet.
FORMAT
Your reports should begin with a concise and relevant Executive Summary of no more than 100 words for each part. An additional Introduction is not needed. The Executive Summary and References do not count towards the word limit. The contents of tables are also excluded but the use of text in tables should be kept to a reasonable level and be properly explained in the body of the text.
Answers should follow the order of the tasks set out above and the word count allocation to each section should broadly reflect the spread of marks. Avoid exceeding the word count.
NOTES
Your answer must not be solely descriptive in nature; it should provide clear evidence of understanding, application and analysis of the issues under consideration. You should assume that your reader has some experience in finance and management but is uninformed on the particular topic; for instance, in i) you do not need to explain what “accounts” are, but you do need to show what their purpose is for this business in this context.
To achieve a pass mark you must ensure that you correctly identify and explain the underlying concepts and theories relevant to the assignment. To achieve higher marks, in addition to the requirements to achieve a pass mark, you will need to display application and analytical skills.
Your work should be expressed clearly and fluently using a style of writing appropriate to the subject area. Sentences and paragraphs need to be relevant, well-structured and incorporate the correct terminology. Ideally, there should be no errors of spelling, punctuation or grammar.

Do you think the reaction of the world to this new art form was warranted?

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The change in how people in France and Europe were viewing the world through their art is dramatically changing.
Please write two paragraphs, or more, explaining your emotional feelings.
Do you think the reaction of the world to this new art form was warranted?

Links:
https://www.claude-monet.com/impression-sunrise.jsp

https://www.metmuseum.org/toah/hd/mane/hd_mane.htm

https://www.biography.com/artist/pablo-picasso

https://www.famsf.org/press-room/women-impressionists-berthe-morisot-mary-cassatt-eva-gonzal-s-marie-bracquemond

https://www.theartstory.org/movement/impressionism/

https://www.theartstory.org/movement/cubism/

https://www.phaidon.com/agenda/art/articles/2017/july/10/a-movement-in-a-moment-pointillism

Do the conclusions and recommendations follow on from the findings?  Are they well grounded in the evidence and arguments presented?

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Chapter 5

Thank you for sending your draft of chapter 5.  There are some good passages here, but I think this chapter can be strengthened when you have revised Chapter 4.

I want to suggest that, near the start of Chapter 4, you need to add a section to summarise the members of the sample.  There are 5 parents and 4 teachers, as well as the school principal.; I suggest that you need to provide a brief summary of the demographics of the 5 parents and the 4 teachers.  Then, you need to provide a summary of the data collected from each of the three components of the sample: what did you learn from the 5 parents about what parents believed about the topic and the research questions?  What did you learn from the 4 teachers about what teachers believed about the topic and the research questions?   Were the insights from the school principal different, and if so how?  Then you can go on to the presentation of the findings as you have in Ch4.

The most important thing to achieve in Chapter 5 is to explain what you have learned from your research in response to the Research Questions and to address the research Objectives.  You need to show how you have met your objectives and answered the research questions, and identify clearly and precisely the extent to which your research has been successful.  If there are aspects of the original objectives that were not successfully achieved, you need to acknowledge these clearly.  You need to summarise clearly, precisely and briefly the conclusions that you have drawn from your research, showing clearly how these are founded in the data that collected and in the data analysis and findings that you presented in Chapter 4.

Then you also need to explain and summarise any recommendations that you make arising from your research.

 

I suggest that you might expand your discussion of your conclusions and recommendations.

Guiding questions:

  • Have the research objectives (research questions) been reviewed and addressed?

I suggest that, in Chapter 5, you begin by stating each research question explicitly before you discuss how it has been addressed and answered in this study.  In this final chapter you need to demonstrate clearly and concisely how your data analysis, and the findings that you have arrived at, are together able to provide answers to the research questions.  It will also be helpful to provide a clear summary list of the key findings from your research.

  • Do the conclusions and recommendations follow on from the findings?  Are they well grounded in the evidence and arguments presented?

You need to ensure that the conclusions drawn are firmly rooted in the data that you have collected, analysed and discussed in Ch4, and in the arguments from the literature in Ch2.  You need to make this very clear here.  You might include clear cross-references to the specific sections in the earlier chapters to support the conclusions in this chapter.  All the conclusions and recommendations need to be clearly stated and solidly founded in the study as presented here.

  • Has the relevance of the conclusions for education been discussed?

I suggest that you might make a clearer and stronger case here for the relevance and importance of your conclusions to the school and to the parents and teachers.  This matter relates to the extent to which the conclusions drawn from your research are trustworthy.  If there are any aspects of the findings and conclusions that are not sufficiently clear, then you might need to recommend further research.  If you do this, it will be helpful to try to specify how such research would be designed to ensure that it would be able to provide clearer conclusions.

  • Are the conclusions and recommendations discussed in context and are they more widely applicable?

You need to summarise the limitations to the current research.  You need to show that you are able to reflect upon and identify the weaknesses in your research approach.

I would like to see a clear summary list of recommendations.  This need only be brief, and a very short justification for each recommendation, showing how the recommendation is based on the data analysed in Ch4 and the arguments from Literature presented in Ch2.