Points: 200

Assignment: Budget Planning and Control

Criteria

Exemplary

90-100% A

Proficient

80-89% B

Fair

70-79% C

Less than Minimum Expectations

60-69% D

1. Babycakes is used as the company for all parts of the budget planning and control report. Briefly discuss each of the main reasons the owner of Babycakes needs a budget using the specific company and product details. Include the possible outcomes with a good budget versus having no budget.

Weight: 20%

Thoroughly described the reasons for using a budget and the possible outcomes of a good budget versus no budget.

Satisfactorily described the reasons for using a budget and the possible outcomes of a good budget versus no budget.

Partially described the reasons for using a budget and the possible outcomes of a good budget versus having no budget.

Did not submit or incompletely described the reasons for using a budget and the possible outcomes of a good budget versus no budget.

2. Prepare a sales budget for the Babycakes LA store for the 4th quarter of 2016. Present each month; October, November, and December, and a total for the quarter. Use one-half of the Valentine’s Day (one day) of sales as the basis for a usual day. Include changes needed due to Halloween, Thanksgiving, and Christmas. Discuss the budget details in the report. Include the actual budget as an appendix with all data and calculations used.

Weight: 20%

Thoroughly prepared a sales budget for the 4th quarter and described the details it was based on. Include the actual budget as an appendix with all data and calculations used.

Satisfactorily prepared a sales budget for the 4th quarter and described the details it was based on. Include the partial budget as an appendix with all data and calculations used.

Partially prepared a sales budget for the 4th quarter and described the details it was based on. Include the partial budget, not in appendix with all data and calculations used.

Did not submit or incompletely prepared a sales budget for the 4th quarter and described the details it was based on. Does not include actual budget as an appendix with all data and calculations used.

3. Explain the benefits of using a flexible budget based on the budget you prepared for the 4thquarter of 2016.

Weight: 15%

Thoroughly submitted or explained the benefits of using a flexible budget over a static budget.

Satisfactorily submitted or explained the benefits of using a flexible budget over a static budget.

Partially submitted or explained the benefits of using a flexible budget over a static budget.

Did not submit or explain the benefits of using a flexible budget over a static budget.

4. Explain the modifications and corrective actions needed to correct challenges and the expected results.

Weight: 20%

Thoroughly explained the modifications and corrective actions needed to correct the challenges and the expected results.

Satisfactorily explained the modifications and corrective actions needed to correct the challenges and the expected results.

Partially explained the modifications and corrective actions needed to correct the challenges and the expected results.

Did not submit or incompletely explained the modifications and corrective actions needed to correct the challenges and the expected results.

5. Four (4) relevant and appropriate academic quality references used.

Weight: 5%

Exceeds number of required references; all references high- quality choices.

Meets number of required references; all references high- quality choices.

Does not meet the required number of references; some or all references poor quality choices.

No references provided.

6. Writing Mechanics, Grammar, and Formatting.

Weight: 5%

Mostly free of errors in grammar, spelling, punctuation, or formatting.

Partially free of errors in grammar, spelling, punctuation, or formatting.

Numerous errors in grammar, spelling, and punctuation.

Serious and persistent errors in grammar, spelling, punctuation, or formatting.

7. Appropriate use of APA in-text citations and reference section.

Weight: 5%

Most in-text citations and references are provided, and they are generally formatted correctly in APA style.

In-text citations and references are provided, but they are only partially formatted correctly in APA style.

In-text citations and references are given, but not in APA format.

Lack of in-text citations and/or lack of reference section.

8. Information Literacy and Integration of Sources.

Weight: 5%

Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.

Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing.

Sources are rarely integrated using effective techniques of quoting, paraphrasing, and summarizing.

Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.

9. Clarity and Coherence of Writing.

Weight: 5%

Information is mostly clear and generally supported with reasons and evidence that logically support ideas.

Information is partially clear with minimal reasons and evidence that logically support ideas.

Information is somewhat confusing with not enough reasons and evidence that logically support ideas.

Information is confusing to the reader and fails to include reasons and evidence that logically support ideas.

 

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