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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
5 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 11.23
Topic:

Spending and Headcount Forecast

Coursework Instructions:

Prior to beginning work on this assignment,
-Review Investor OverviewLinks to an external site. and Quarterly ResultsLinks to an external site..
-Read Chapter 6: Operating Budgets from Using Accounting and Financial Information: Analyzing, Forecasting, and Decision MakingLinks to an external site..
-Watch Budgetary Control for ManagersLinks to an external site..
-Watch (L029) Basic Budgeting Concepts - Leadership and ManagementLinks to an external site..
You are playing the role of the divisional manager of the new e-bike division of Fox Factory Holding Corporation. The divisional manager is preparing to request funding to introduce the product and begin sales. Three options have been identified (note that these are fictitious assumptions):
-Produce the new e-bike internally,
-Outsource manufacturing to another manufacturer, and
-License the design to an existing company for royalties on future sales.
In your assignment,
-Develop a three-year spending and headcount forecast in Excel for the next three years for the three potential options. Please do not forecast the current year.
-Explain the key issues and considerations for the forecast.
Note: Please use the most recent Quarterly ResultsLinks to an external site. (Form 10-Q) published on the Fox Factory Investor Overview website. Please use the earnings announcement, for example: “Fox Factory Holding Corp. Announces Third Quarter 20XX Financial Results” for the relevant required information.
The Case Study–Spending and Headcount Forecast Project,
-must include an Excel sheet for the forecast and a Word document for the introduction, explanations, and conclusion.
You must do the forecast on an Excel sheet with separate tabs for each option.
Each tab should include a three-year forecast of the next years for spending and headcount for one of the options.
There must be enough detail to differentiate the options. Totals and notes should be included if needed.
must be 1–2 double-spaced pages in length (not including title and references pages) which should contain the introduction, key issues, considerations for the forecast, title of the Excel sheet, and conclusion paragraph.
Please explain the different options, how they impact the spending and headcount forecasts, and why.
Your introduction paragraph needs to end with a clear thesis statement indicating the purpose of your paper.
For assistance on writing Introductions & ConclusionsLinks to an external site. and Writing a Thesis StatementLinks to an external site., refer to the Writing Center resources.
must be formatted according to APA StyleLinks to an external site. as outlined in the Writing Center’s APA Formatting for Microsoft WordLinks to an external site. resource.
must include a separate title page with the title of the paper in bold font, names of the student, institution, instructor along with the course name and number and due date.
must use academic voice.
See the Academic VoiceLinks to an external site. resource for additional guidance.
****This assignment includes a 1-excel sheet and a word document. If there is an additional payment due please let me know.

Coursework Sample Content Preview:

Spending and Headcount Forecast
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Spending and Headcount Forecast
As a divisional manager tasked with identifying the ideal option that Fox Holding Company can use to market new e-bikes, it is essential to present a spending and headcount forecast for consideration. The spending forecast provides an estimation of the expected expenses for a specific period and includes projections for various categories of expenses such as labor, materials, rent, utilities, marketing, and research and development, among others (Epstein, 2014). On the other hand, the headcount forecast provides an estimation of the number of employees a company will need for a specific fiscal period (Cokins, 2008). Both forecasts are essential as they help to plan and budget for the upcoming period. This paper details the spending and headcount forecast that Fox Holdings can use to decide on whether to produce new e-bikes internally, outsource the manufacturing process, or license the new e-bike.
Internal Production
Producing the new e-bike internally will require significant investment in capital expenditures such as equipment and facilities that will be mainly incurred in year 1. In addition, the company will require investment in a lease as land is needed to set up a manufacturing plant. The spending forecast for internal production is expected to amount to US$ 33.35 million in the first year, US$ 27.85 m in the second year, and US$ 31.35 in the third year. Additionally, this option will result in a high headcount forecast as the company will require to hire employees to take up roles in the manufacturing and assembly of the new e-bikes. Based on the forecast, the company will need 70 employees in Year 1, 77 employees in Year 2, and 8...
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