BUS 629 BUS629 Week 1 Assignment (UAGC)

 BUS 629 BUS629 Week 1 Assignment (UAGC)

 

 

 

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Ashford BUS 629 Week 1 Assignment Financial Forecasting [WLOs: 1, 2, 4] [CLOs: 1, 3, 4]

Part 1

Use Yahoo! Finance or the EDGAR | Company Filings database to download the last 10Q from Starbucks into excel. Use the downloaded data to complete the Income Statement and Balance Sheet on the appropriate tabs in the Financial Forecasting Template. Assume the following:

• Sales will increase for the next quarter by the same percentage increase from the previous quarter to the last reported quarter. For example, if sales increased 8% from the last quarter to the current reported quarter, you will use 8% as the sales increase for your pro formas.

Calculate the expenses to determine what will change and what will remain the same.

Part 2

Then, calculate a quarterly variance analysis using the Variance Analysis tab of the Financial Forecasting Template (the same template you used for Part 1). Complete the following in your variance analysis:

• In the Excel template, insert the line items.

• In Column C, (Q4, 20NN) enter the previous quarter’s numbers as the budget.

• In Column D, (Q1, 20NN) enter the current quarter’s actual numbers.

• In Column E, the spreadsheet will calculate the dollar difference between the budget and actual numbers.

• In Column F, the spreadsheet will calculate the percentage change.

• In Column G, analyze and speculate the rationale for the variances.