1- 53 Budgets and Performance Evaluation Goal: Create an Excel spreadsheet to pr
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Question
1- 53 Budgets and Performance Evaluation Goal: Create an Excel spreadsheet to prepare a performance report, and use the results to answer questions about your findings. Scenario: Beta Alpha Psi, the accounting honorary fraternity, has asked you to prepare a performance report about a homecoming party that it recently held. The background data for Beta Alpha Psi%u2019s performance report appears in the Fundamental Assignment Material 1- A2. When you have completed your spreadsheet, answer the following questions:
1. Based on the formatting option used in the exercise, do the negative ( red) variances represent amounts that are over or under budget?
2. Which cost/ costs changed because the number of attendees increased?
3. Did the fraternity stay within the budgeted amount for food on a per person basis?
Step- by- Step:
1. Open a new Excel spreadsheet.
2. In column A, create a bold- faced heading that contains the following:
Row 1: Chapter 1 Decision Guideline
Row 2: Beta Alpha Psi Homecoming Party
Row 3: Performance Report
Row 4: Today%u2019s Date
3. Merge and center the date across columns A%u2013 D.
Explanation / Answer
In the film industry, an option is a contractual agreement between a potential film producer, such as a movie studio, a production company or an individual, and a writer or third party who holds ownership of a screenplay. The agreement details the exclusive rights, including the specified time period and financial obligations, the producer has to advance the essential elements, such as financing and/or talent, towards the creation of a film based on the screenplay.
Similarly, producers can also option books, articles, video games, songs or any other conceivable works of intellectual property. A separate deal would be made with a screenwriter to write the screenplay, which is not an option.
Financially, the contract qualifies as an option and may be assessed using real options analysis.[1][2][3]
The term is often used as a verb in Hollywood. For example, "Paramount optioned the short story by Philip K. Dick."
The expenses shown below reflect estimated costs for a student carrying a full-time load (12 or more credits) for fall and spring semesters, 2013/2014. These expenses include fees and other charges. Actual fees may vary based on specific program or course fees or the number of credits carried each semester. These figures are subject to change at any time and should be regarded as estimates only.
* MSU's undergraduate tuition rate applies to undergraduate students at all class levels (Freshmen, Sophomore, Junior, and Senior). There is not a higher rate for Junior and Senior students. These figures do not include a supplemental health insurance fee required of students who do not have proof of insurance coverage.
** For on campus residents, these costs include in-room high speed internet service, unlimited entry into residence hall dining areas, cable TV and unlimited local phone service. Room and Board above is based on a double room, 7 day meal plan. This figure also represents an amount reasonably incurred for off-campus housing and food costs. Food and housing costs will vary depending on a student's living arrangements and lifestyle.
*** The actual cost of books and supplies will vary depending upon curriculum.
**** Financial Aid budgets include a personal/transportation/miscellaneous figure of $1,640 per semester ($3,280 per year). Personal/miscellaneous expenses will vary depending on individual circumstances.
The expenses shown below reflect estimated costs for a student carrying a full-time load (12 or more credits) for fall and spring semesters, 2013/2014. These expenses include fees and other charges. Actual fees may vary based on specific program fees or the number of credits carried each semester. These figures are subject to change at any time and should be regarded as estimates only.
* For on campus residents, these costs include in-room high speed internet service, unlimited entry into residence hall dining areas, cable TV and unlimited local phone service. Room and Board above is based on a double room, 7 day meal plan. This figure also represents an amount reasonably incurred for off-campus housing and food costs. Food and housing costs will vary depending on a student's living arrangements and lifestyle.
** The actual cost of books and supplies will vary depending upon curriculum.
*** Financial Aid budgets include a personal/transportation/miscellaneous figure of $1,640 per semester ($3,280 per year). Personal/miscellaneous expenses will vary depending on individual circumstances.
The expenses shown below reflect estimated average costs for a graduate student enrolled in 6 or more credits for both fall and spring semesters, 2013-2014. These expenses include fees and other charges. Actual fees may vary based on specific program or course fees or the number of credits carried each semester. These figures are subject to change at any time and should be regarded as estimates only.
* These figures do not include a supplemental health insurance fee required of students who do not have proof of insurance coverage.
** For on campus residents, these costs include in-room high speed internet service, unlimited entry into residence hall dining areas, cable TV and unlimited local phone service. Room and Board above is based on a double room, 7 day meal plan. This figure also represents an amount reasonably incurred for off-campus housing and food costs. Food and housing costs will vary depending on a student's living arrangements and lifestyle.
*** The actual cost of books and supplies will vary depending upon curriculum.
**** Financial Aid budgets include a personal/transportation/miscellaneous figure of $1,640 per semester ($3,280 per year). Personal/miscellaneous expenses will vary depending on individual circumstances.
Tuition: Undergraduate students holding Montana University System Honors Scholarships, Montana American Indian tuition waivers, Montana Veteran's tuition waivers or Montana citizens sixty-five years of age or older are exempt from tuition. Undergraduate students with scholarships may be exempted from tuition, in amounts to be determined by the scholarship committee depending upon funds available for this purpose.
Professional and non-professional staff employed at least three-quarter time are exempt from tuition for six credits only. First-time undergraduate dependents of employees with five or more years of service employed at least three-quarter time are exempt from 50% of their tuition.
Student Activity and Health Service Fees: Students who are required by the university to complete their entire semester's work off campus and more than fifty miles from Bozeman are exempt from Student Activity and Health Service Fees as are professional staff and non-professional staff employed at least three-quarter time.
In Absentia: Students registered in absentia pay only the registration fee.
The following fees are in addition to those listed in the fee schedule. Fees are subject to change at any time. Non-matriculated students pay the same fees as regularly enrolled students. See also Course Fees.
Undergraduate Resident Students Category Semester Academic Year Tuition/Fees* $3,375 $6,750 Room/Board** $4,110 $8,220 Books/Supplies*** $600 $1,200 Personal/Transportation**** Total $8,085 $16,170Related Questions
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