Our Services

Get 15% Discount on your First Order

Reviewing the previous quarter’s financial statements will provide you with

November 12, 2021

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.

To begin your assignment, download the Financial Forecasting Template Download Financial Forecasting Template.

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.

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

The board game Monopoly, ironically, was developed to illustrate the weaknesses of the capitalist economy, such as excessive rents and the tendency

The board game Monopoly, ironically, was developed to illustrate the weaknesses of the capitalist economy, such as excessive rents and the tendency for money to accumulate in the hands of a few. Using your sociological imagination, which aspects of capitalism do you personally appreciate, and which do you find worrisome?

The Crime Scene Evidence Analysis Report Paper will focus on

The Crime Scene Evidence Analysis Report Paper will focus on demonstrating an awareness of the scientific methodology used to solve crimes by analyzing a virtual crime scene simulation. You will document the appropriate procedures for protecting a crime scene; how to identify and document evidence; evidence handling, testing, and

Use a customer order form and follow the bottom-up database

Use a customer order form and follow the bottom-up database design approach. Please include the website URL and an image of this form. Find all the attributes on the form. Establish the dependenci es (determinants). Group attributes that have a common determinant into an entity type; name it. Find directly-related

Complete the Universal Access Exercise on page 325 of the

Complete the Universal Access Exercise on page 325 of the text as at least two to three-page paper. Address each point below. Cite when appropriate from your text and/or other resources. Assume you represent the interests of one of the following groups: physicians, low-income public, upper- and middle-income public, large

Instructions: 1. Complete the A “Great Composer” table by doing

Instructions: 1. Complete the A “Great Composer” table by doing and answering the following: a. Compare any two (2) different historical periods that you have read about in this course: Medieval, Renaissance, Baroque, Classical, Romantic, and Contemporary. b. Who are all the most influential composers of the two periods?

Pick one of the following terms for your research: Moral

Pick one of the following terms for your research: Moral philosophy, justice, white-collar crime, differential association, or power. Each student will select one of the key terms presented in the module and conduct a search of Campbellsville University’s online Library resources/ google to find 1 recent peer-reviewed

Post a response to the discussion board using the reply

Post a response to the discussion board using the reply link. Do not upload links or attachments. Respond to the following questions, and if it’s relevant, include your own personal experience: Who is your hero? Your favorite celebrity? The person you most admire? Think about these questions, and

What are the differences between leaders and managers? What characteristics

What are the differences between leaders and managers? What characteristics are similar and what are different? Provide a total of three examples. First, of someone who has great managerial skills. Second, another individual with great leadership skills. Third, another person with poor managerial skills. These can be made up individuals

VVitten @ssignment Due Sunday by 11:59am Central How would you

VVitten @ssignment Due Sunday by 11:59am Central How would you spend the national budget if you were president? Here’s your chance to find out how your ideas would affect the federal budget. Go online to the Committee for a Responsible Federal Budget at the link below. https://www.crfb.org/ Scroll down the

We hear it in the news, we see it on

We hear it in the news, we see it on 60 Minutes, 20/20 and we read about it in the paper, but often many businesses think they’re invulnerable to fraud. Owners and managers alike, believe that because they have a set of internal controls that their businesses are protected. This

Crimes Against Public Order and Public Decency THE QUESTION(s): In

Crimes Against Public Order and Public Decency THE QUESTION(s): In your opinion, should obscenity, lewdness, and indecency statutes be abolished? Give reasons for your answer? (Make sure that your post includes your reasoning for your decision. Explain which facts helped you to reach your conclusion and how they influenced your

How did the outcome of the case reflect the relationship

How did the outcome of the case reflect the relationship between industry and the courts at the time? Can you link to the events of jurisprudence now in our contemporary world? Why was the Haymarket a set back for the American labor movement? What kind of discrimination or political disadvantage

Evaluate the published research on the chosen topic including a

Evaluate the published research on the chosen topic including a minimum of three peer-reviewed articles. Summarize the current state of knowledge on the topic, making reference to the findings of previous research studies. Briefly mention the research methods that have previously been used to study the topic. State whether the

Hispanic Americans and Eldery

Make a powerpoint presentation on Hispanic Americans and the Elderly Culture. *Tell about the Hispanic and Elderly culture. *What are rules for the culture of Hispanic Americans and Ederlly. *Somes rules my be spoken or unskopen. *What are their values. *What are their belief system. *What does the client want

Learning Resources Required Readings Hendricks, G., & Barkley, W. (2012).

Learning Resources Required Readings Hendricks, G., & Barkley, W. (2012). Necessary, But Not Sufficient: The McKinney-Vento Act and Academic Achievement in North Carolina. Children & Schools, 34(3), 179-185. Law, B., & Shek, D. (2011). Process Evaluation of a Positive Youth Development Program: Project P.A.T.H.S. Research on Social Work Practice,

Week 5 Discussion Discussion Question – Due Thursday – A reference and

Week 5 Discussion Discussion Question – Due Thursday – A reference and citation are required. Nurses as Change Agents in the Community In the chapter, “How Community-Based Organizations Are Addressing Nursing’s Role in Transforming Health Care,” the authors describe the community as the focus of advocacy action for change. They

compare and contrast approaches against Martha Rogers and Rosemary Parse

compare and contrast approaches against Martha Rogers and Rosemary Parse . Point out their individual distinguishing aims. Provide a comprehensive contrast and comparison which includes similarities and differences, as well as opportunitites and threats to implementing into the various areas within nursing, including practice, administration, research and education. Theories may

Complete the required reading (attached file below and provided links).

Complete the required reading (attached file below and provided links). research the Bouvia v. Superior Court case. Write a 3-4 page research paper. In your paper, you are to respond to the following questions/statements Do not write the questions/statements and then answers. Integrate your answers to these questions into your