Messages

Proposals

Variance Analysis

Homework ID: 926286 Client: karla9639D Budget: \$20-\$50 Deadline: 24 Hours Accounting & Finance Masters

Starting From \$7/Page

# Variance Analysis

Prior to beginning work on this assignment, read Chapter 4: Financial Forecasting in the textbook, and review the current financial statements of Starbucks through Yahoo! Finance (Links to an external site.)or the EDGAR | Company Filings (Links to an external site.)database in the Filings and Forms page. You can access the financial statements by going to the Yahoo! Finance webpage, typing in the stock symbol of Starbucks, and then clicking on the “Financials” tab. Watch the Week 1 Assignment video with Dr. Kevin Kuznia, DBA, CSSBB, PMP.

Reviewing the previous quarter’s financial statements will provide you with data to construct pro forma financial statements for Starbucks and make some basic projections. This week, you will be charged with constructing two pro forma financial statements and addressing some questions about your projections. The two financial statements will include an Income Statement and Balance Sheet.

Part 1

Use the EDGAR | Company Filings (Links to an external site.)or Yahoo! Finance (Links to an external site.)database to download the last 10-Q 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.

Note: Not all costs are associated with the cost of sales. It will be up to you to determine which line items need to be increased and which ones need to be left alone. This will require you to distinguish between fixed and variable costs. For a reminder of the difference between fixed and variable costs, please watch the video Business Costs (Fixed Costs and Variable Costs) Explained (Links to an external site.).

Within each line item expense explain your rationale, as well as provide a brief summary.

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.
Submit your completed Financial Forecasting Template to Waypoint.

Accessibility Statement: If you have a disability that impacts your ability to successfully participate in this or any other course activity, please provide your instructor with your authorized Accommodation Request form from the Office of Student Access and Wellness so that they can discuss and arrange an alternative plan with you.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

## This homework is solved by this writer.

#### Client's rating on this Homework:

Thank you

Contact Financial Analyst to complete a Homework like this.

## Get help from our verified top rated online homework writers and achieve A+ grades on your homework! Guaranteed!

10059 Homework Orders Completed

Singapore

9429 Homework Orders Completed

I Provide "Top Class Academic Writing Services" to my Clients

## Top Essay Writer

8190 Homework Orders Completed

United States of America

## Online Assignment Help

7812 Homework Orders Completed

Best Homework Helper & Writer on Tutorsonspot.com

Pakistan

7602 Homework Orders Completed

I Promise you Top Results

Kenya

6006 Homework Orders Completed

Highly Qualified and Experienced Academic Writer

Pakistan

## Essay Writing Help

4620 Homework Orders Completed

"Top Assignment Solver on Tutorsonspot"

Australia

## Helping Door

4368 Homework Orders Completed

India

## Helping Engineer

4200 Homework Orders Completed

Electrical Engineer (MATLAB Expert)

India

They say it takes 10,000 hours to master a skill. But how on Earth are you supposed to turn in an A+ paper in a week if you can hardly find 1 or 2 hours a day to write? We also used to be students and we know how it feels. That’s why we launched TutorsOnSpot.Com, which will assist you with the following:

### Overcoming writer’s block

Forget about the fear, stress, and uncertainty you have about your writing skills. We can nudge you in the right direction: write a sample for you, help you find the right sources, or edit your writing.

### Win the race against time

Haven’t slept in two days? Your paper is important, but there is no need to sacrifice your health for success. Go get some rest while we write your assignment. Even if it’s due tomorrow, we can complete it in just 8 hours.

### Find the right information

Reading a ton of articles and books to find reliable research paper sources can be quite tedious. We use trustworthy libraries and online sources to gather useful information.

### See the difference between good ideas and bad ones

We bet the last thing you want to hear from your teacher after turning in your paper is, “That’s an interesting idea. However, you were supposed to write about an absolutely different thing.” With us, your paper will be exactly what your teacher expects to see.

Served 13902 different students from America, Australia, Canada, United Kingdom, Saudia and UAE Universities. Chat free with our top online writers to get homework writing help.