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You have been hired as an executive director of a smallnonprofit organization. Among your many duties are to determine anannual budget and develop a fiscal plan for the organization.

For this assignment, you must develop a 2-page spreadsheet thatyou will deliver to the director and staff containing an annualgeneric annual budget for the RTWMTC. Using an income of 800,000per year, you must answer the following questions:

How many employees does the RTWMTC company have, and what is thebreakdown of their salaries (you may choose)?

What additional costs does RTWMTC have (include utilities,lease/mortgage, phone, etc.)?

What is the surplus or deficit of the RTWMTC?

Remember to use the library or other credible resources tosupport your argument. Be sure to cite your sources using thecorrect standard of APA.

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Reid Wolff
Reid WolffLv2
28 Sep 2019

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Using the organization/company that you work for, or have workedfor in the past, how do they (1) align the budget withorganizational goals and (2) align the budget with the mission ofthe company? How are capital decisions made? If you were in aposition that you could change things, what would you change? Why?Support your answer with credible sources. If you have never workedfor an organization, use the library to find an article related tobudgeting. Summarize the key points made in the article. Cite yoursources using proper APA format (both in-text and referenceentries).

Due Week 9 and worth 200 points

Before approaching this assignment, be sure that you have watched the following video.

https://www.youtube.com/watch?v=frh3I2rVDzs. YouTube. PLEASE USE DATA FROM VIDEO OR MAKE UP YOUR OWN DATA

Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 – 4) page paper in which you address the following.

Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.

Prepare a sales budget for the LA Babycakes store for the 4th quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and a total for the quarter. Use one-half of the Valentine’s Day sales as the basis for a usual day in the new quarter. Use 30 days for each month. Calculate the total sales for each month for October, November, and December.

Create three (3) new products, one (1) for each of the three (3) holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix with all data and calculations. Add these amounts to your sales budget.

The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern.

Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges.

Integrate relevant information from at least three (3) quality academic resources in this assignment. Note: Please do not use your textbook as an academic resource. Also, Wikipedia and other Websites that are unreliable do not qualify as academic resources.

Your assignment must follow these formatting requirements.

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

An abstract is not required.

The specific course learning outcomes associated with this assignment are:

Evaluate management control systems and examine their relationship with accounting and planning, including feedback and non-?nancialperformance measurements.

Evaluate decision-making tools for capital investments, budgeting, and budgeting controls.

Analyze financial accounting tools and techniques that convert financial accounting data into information for decision making.

Use technology and information resources to research issues in financial accounting for managers.

Write clearly and concisely about financial accounting using proper writing mechanics.

Grading for this assignment will be based on the quality of your responses, logic and organization of the paper, and language and writing skills. Please review the Rubric for the Assignment: Budget Planning and Control.

You are the senior human resource professional in a company and part of the senior strategic management team. The company is a service company that operates five teleprofit centers of 300 representatives each in the following Florida cities: Jacksonville, Orlando, Gainesville, Tampa, and Miami. The CEO has asked the senior strategic team to develop a HR plan that will allow the company to grow by two more teleprofit centers, which will be located in Jacksonville, Florida.

Considering turnover, length of training, hiring success and learning curve for new employeesdevelop a reasonable “hire ahead” plan, which keeps newly trained employees ready to take the place of employees who leave or are promoted to other positions. The “hire ahead” plan must allow no more than 3% of the employee base in each of the new teleprofit centers to consist of newly trained employees.

The following factors should be considered while developing the plan:

• There is a human resource budget of $3.5M.

• From the HR Budget, $200K will be dedicated for recruiting and selection.

• Recruiting costs will increase by 30%, but the HR budget will not increase.

• Recruiting will be conducted through Monster, CareerBuilder, Sologig, and in various print publications in the listed cities.

• There will be 4500 applications received per month from the recruiting efforts.

• Average turnover of the teleprofit representatives in the company is 7% per month.

• Average turnover of the teleprofit representatives in Jacksonville is 5% per month.

• New representatives receive two weeks of training in the classroom and two weeks of “side-by-side” training before they are on their own.

• All trainer positions are exempt.

• It takes nine months for a representative to be considered “fully trained”.

SELECTION PROCESS

Choose as many, or as few, of the following steps to create the selection process that applies best to your plan. All applicants who pass these steps will be hired.

o Pre-screening- performed by a human resource assistant (nonexempt position) - cost of $20 per applicant; 95% of applicants prescreened are successful and are passed on to a recruiter.

o Interviewing- completed by a recruiter (exempt position) - cost of $70 per applicant; 50% of applicants who are interviewed are successful and are then tested. o Employee testing- administered by a human resource assistant- cost of $30 per applicant; 50% of those tested are successful and will have a drug screening check done.

o Drug screening- coordinated by a human resource assistant- cost of $35 per applicant; 95% will have a successful drug screening and then have a background check completed.

o Background check- coordinated by a human resource assistant using a third party contracted provider- cost of $25 per applicant; 60% will have a successful background check and will be submitted to a credit check.

o Credit check- conducted by a human resource assistant-cost of $35 per applicant; 60% will fail the credit check.

ISSUES TO ADDRESS

The following list represents a minimum guideline of issues that should be addressed:

 How does this current hiring process affect the successful filling of current position vacancies?

 What process changes can be made to help your budget concerns?

 How many new employees have to be hired each month to meet the objectives of the “hire ahead” plan?

 What is happening to the vacancy rate?  What is the vacancy rate?

 What can be done to improve your vacancy rate?

 What can be done to understand the turnover rate?

 What can be done to improve the turnover rate?

 How does this scenario affect the bottom line of the company?

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