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  • Archive for the ‘Essays’ Category

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    Public Budget Cycle Write a four-page paper in which you define The Public Budget Cycle in a government agency of choice. Explain phases of budget cycle (preparation and submission, approval, execution and audit and evaluation) and how this relates to the overall organizational mission of the government agency 3 citations are required

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    Public Policy Write a 3 -4 page, APA-style paper that assesses a public policy of your choice that directly impacts the local government in the area where you reside. You are to determine the effects (positive/negative) that the selected policy has on the local government’s operational budget. 3 citations required

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    Capital Budgeting

    Select a government agency (local, state, or federal) and write a 3 – 4 page, APA-style paper summarizing the following:

    Discuss how the debt capacity of the governmental entity is determined. Evaluate the effect of refunding or reorganizing existing debt obligations. Analyze various funding alternatives that can be used to support debt obligation.

    3 citations are required….

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    1. Budget Legislation

    Once the budget has been prepared by the various agencies, it is often moved forward to the legislative body for authorization. The legislation process can result in unintended outcomes and restrictions. Search the internet and news reporting services for a story on an unintended outcome of interest to you and answer the following questions:

    How did politics shape the outcome in unexpected ways? Did “pork” spending or “apportionments and allotments” budget amendments affect the legislation? Did a mid-year crisis or change in revenue expectations substantially impact the budget legislative action?

    2. Performance Budgeting

    Performance budgeting has been attempted at the local level in recent years. Address the issues of performance budgeting while answering the following questions: What attributes of performance budgeting make it particularly suitable to local government budgeting? Will the same attributes be as useful at the federal level?

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    The answer is to be 2-3 paragraphs for each of the two questions listed below

    1. Government Managing the Economy

    Do you believe government efforts to manage the economy usually make things better or worse? Provide research support for your positions

    2. Professional Sports

    Professional sports and big-league cities go hand in hand. Hosting a professional sports franchise is evidence that a city has arrived perse – that is not simply a large city but a major league city. Moreover, acquiring or retaining professional sports teams has become important in local economic development plans. From your perspective, is it wise for a major “metropolis” to promote professional sports? What are the advantages/disadvantages? Provide research support for your positions

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    Governmental Budgeting Process requires 4 citations Write a 3 – 4 page, APA-style paper assessing the following questions, using a local, state, or federal government agency’s budget:

    Determine how and where revenues are derived for the agency. Determine which revenues are used in which funds: governmental, proprietary, and fiduciary. Describe any restrictions that are (or could be) placed on those revenues. Evaluate how public policy decisions affect the receipt of revenues. Analyze the economic conditions that affect revenue projections.

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    Two Discussion Board Questions – requires 2-3 paragraph answer ( citations also )

    1. State Government Levy Tariffs on Imports

    Why not have State governments levy tariffs on imports, or tax other states’ products. Would this be a sensible way to raise revenues? What are the advantages/disadvantages? Provide research support for your positions.

    2. Social Security

    Do you think the federal government should increase spending on Social Security and Medicare for the elderly? If not, how should the elderly fund retirement and medical costs? Provide research support for your positions.

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    Week 2 Hand-in Assignment

    Hype Ltd produces four types of clothes with the use of a special machine. Each labor hour in the special machine costs £10. For the production of the four products the company has 6,800 special machine labor hours. There will be no shortage of any other factor of production. Costings and break-even quantities for the products are as follows:

    Products

    A (Jeans)

    B (Shirts)

    C (Jackets)

    D (Coats)

    Material cost per unit

    £20

    £30

    £60

    £100

    Special machine labor hours per unit

    0.25

    0.5

    0.4

    0.55

    Fixed costs

    £40,000

    £50,000

    £70,000

    £120,000

    BEP (break-even point) quantity

    1,000

    1,500

    1,400

    2,100

    For each type of product the management of the firm aims at the following targeted profit levels:

    Product

    Target Profit

    A

    £100,000

    B

    £120,000

    C

    £150,000

    D

    £200,000

    However, the marketing department has conducted a consumer survey and estimated that the actual demand for the products will be different from that corresponding to the targeted profits. The estimated quantity demanded for each product is given in the table below:

    Product

    Estimated Quantity Demanded

    A

    3,200

    B

    3,600

    C

    4,300

    D

    5,300

    REQUIRED:

    Calculate the volume of activity that the company will have to achieve in order to meet the targeted level of profit for each one of the four products. Calculate the optimal production each of for the four products by taking into account the available labor hours and the estimates of the marketing department. Propose ways that could help the company to solve the problem of special machine time shortage (around 300 words).

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    Ratio Year 1 Year 2 Current ratio 3.12:1 2.96:1 Quick ratio 1.34:1 1.02:1 Receivables turnover 9.7 times 10.2 times Inventory turnover 2.4 times 2.3 times Profit margin 11.4% 12.6% Asset turnover 1.21 times 1.22 times Return on assets 13.7% 15.4% Return on equity 28.5% 29.3% Price-earnings ratio 10.4 times 12.4 times Debt ratio 50.2% 45.3% Times interest earned 9.6 times 13.0 times

    What does the calculation of each ratio represent? How does year one compare to year two, and what trend can be seen when you compare the two years? Is the trend from year one to year two positive or negative? What are possible reasons for the trend? What recommendations do you have for turning a negative trend to a positive trend?

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    1. (TCO C) Bella Lugosi Holdings, Inc. (BLH), has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well BLH performed in terms of cost control.

    Actual Costs Incurred Static Budget Activity level (in units) 5,250 5,178 Variable Costs: Indirect materials $24,182 $23,476 Utilities $22,356 $22,674 Fixed Costs: Administration $63,450 $65,500 Rent $65,317 $63,904

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