Assignment regarding the budget impacts

Reference no: EM13722122

Budget Impacts

I.C. Knott, the Executive Director of CRAC has tendered her resignation from the Commission after confidential sources leaked that she failed to disclose her partial ownership in a company that manufactures cryonic burial equipment and the mortgage on I.C.'s house is held by the Freon Bank. The Freon Bank's largest depositor and consumer of financial and investment services, is CryBur and I.C. is in default on her mortgage payment. I.C. has stated that she was not the only CRAC Commissioner with undeclared conflicts of interest and has vowed to expose other commission members.

Considering this development, what are some of the possible impacts to the budget you submitted? Will this impact require any modifications to the budget? Clarify the possible issues that can arise from this situation, and prepare a memo, no more than a single page in length to the Interim Executive Director of CRAC (who just so happens to have the same name as your instructor!) describing potential impacts to the budget.

Directions

In addition to fulfilling the specifics of the assignment, a successful paper must also meet the following criteria:
Include a cover page and references page in 10-12 point font (Arial, Courier, and Times New Roman are acceptable)
Viewpoint and purpose should be clearly established and sustained
Assignment should follow the conventions of Standard American English (correct grammar, punctuation, etc.)
Writing should be well ordered, logical, and unified, as well as original and insightful
Your work should display superior content, organization, style, and mechanics
Appropriate citation style should be followed.

You should also make sure to:

Include a title page with full name, class name, section number, and date
Include an introductory and concluding paragraph and demonstrate college-level communication through the composition of original materials in Standard American English
Use examples to support your discussion
Cite all sources on a separate reference page at the end of your paper and cited within the body of your paper using APA format.

Reference no: EM13722122

Questions Cloud

Determine that upon retirement : Jack and Jill determine that upon retirement, they will need to withdraw $70,000 annually at the end of each year for the next thirty years. They know that they can earn 4% each year on their investment. How much will Jack and Jill need in their reti..

Estimate of the stocks current price : A company currently pays a dividend of $3.75 per share (D0 = $3.75). It is estimated that the company's dividend will grow at a rate of 21% per year for the next 2 years, then at a constant rate of 7% thereafter. The company's stock has a beta of 1.0..

What was the approximate inflation rate : Your investments increased in value by 12.6 percent last year but your purchasing power increased by only 11.9 percent. What was the approximate inflation rate? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Assignment regarding the budget impacts : I.C. Knott, the Executive Director of CRAC has tendered her resignation from the Commission after confidential sources leaked that she failed to disclose her partial ownership in a company that manufactures cryonic burial equipment and the mortgag..

Calculate the expected rate on year treasury bond : The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 2.45 percent and on 10-year Treasury bonds is 4.55 percent. Assume that the maturity risk premium is zero. Calculate the expected rate on a 5-year Treasury bond purchas..

Main issues or potential problems francine : 1. Identify the two main issues or potential problems Francine is likely to face as HR Director. 2. For each issue, identify the complexities or difficulties that Francine will have to address.

Describe the organization : Question 1: Describe the organization, what it does, the customers it serves, and its size. Question 2: Research the organization's mission statement. Discuss the role HR will play (or does play) in fostering the organization's mission statement.

Assuming the market is in equilibrium : Crisp Cookware's common stock is expected to pay a dividend of $2 a share at the end of this year (D1 = $2.00); its beta is 1.20; the risk-free rate is 5%; and the market risk premium is 6%. The dividend is expected to grow at some constant rate g, a..

User Account

All Pages