a)Analyze the major pros and cons of preparing annual company budgets. Identify at least two (2) critical budget line items that you believe are essential for managing your company. Provide a rationale for your response.

b)One way to monitor a company is to break it into different centers or business units. For example, a Revenue Center oversees the sales teams while the Cost Center focuses on making the product or delivering the services. If the company maintains a store or locations that handles both revenue and costs, this is called a Profit Center. Managers of each center have their own budgets and are held accountable for achieving it. Analyze the most common responsibility reporting systems. From your analysis, argue at least one (1) pro and one (1) con of using responsibility reporting systems.

ONLY ONE ANSWER FOR EACH.

"Budgets"

Please respond to the following:

Analyze the major pros and cons of preparing annual company budgets. Identify at least two (2) critical budget line items that you believe are essential for managing your company. Provide a rationale for your response.

One way to monitor a company is to break it into different centers or business units. For example, a Revenue Center oversees the sales teams while the Cost Center focuses on making the product or delivering the services. If the company maintains a store or locations that handles both revenue and costs, this is called a Profit Center. Managers of each center have their own budgets and are held accountable for achieving it. Analyze the most common responsibility reporting systems. From your analysis, argue at least one (1) pro and one (1) con of using responsibility reporting systems.

All are arguments for privately provided health insurance except (based on lecture information from our textbook):

You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this project is in a different industry than the firm’s core business. Describe the procedure for estimating the appropriate discount rate (cost of capital) to be used in the evaluation of the project

You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this project is in a different industry than the firm’s core business. Describe the procedure for estimating the appropriate discount rate (cost of capital) to be used in the evaluation of the project.

Under normal market conditions, among General Electric, Ford and SalesForce (all three are publicly listed US firms), which company’s P/E ratio would be highest, lowest and why (please make sure to explain)? If you had to purchase shares of one of these companies, which one would you buy and why?

Suppose the Florida legislature is considering a measure that would provide publicly-financed health care to all new immigrants for a one-year period. If you were asked to do a cost-benefit analysis of the proposal, what sorts of costs and benefits would be important to consider? Why? Be sure to use the concepts of public goods and externalities in your answer.

Your objective is to write a well-documented simple program using classes, a loop, and nested ifs to simulate an ATM using JAVA.

1. Create an ATM class with class variables name, pin, and balance, a constructor with parameters to assign values to the three instance variables, methods to get the name, pin, and balance, and methods to handle validated deposits and withdrawals ( deposit and withdrawal amounts cannot be negative, and withdrawal amount must not be greater than the existing balance).

2. In the ATMTest class, read the names, 4 digit pin numbers, and account balances of two customers into two instances of the ATM class. Display the two customers names, pins, and balances formatted.

3. Now that you have all your customers’ information start your ATM to accomplish the following within an infinite loop,

a). Display a welcome screen with your bank’s information and prompt for and read the customer entered pin.

b). Use a nested if to match the entered pin with one of the two customers’ pins. If the entered pin number matches that of one of the customers, then:

i. Welcome the customer by name and display the balance.

ii. Display option to 1. DEPOSIT, 2. WITHDRAW or 3. EXIT.

iii. If option 1 is selected, then use the instance deposit method to prompt for deposit amount, read, and add a valid deposit amount to the customer’s balance

iv. If option 2 is selected, then use the instance withdrawal method to subtract a valid withdrawal amount from the customers balance

v. If option 3 is selected, go to step a.

4. Should the entered pin number not match either of the two customers, notify the customer that the entered pin is not valid and go to step a.

5. Selection of the EXIT option must display welcome/login screen (step a).

6. Should an incorrect option be entered, notify the user and display the original welcome/login screen (step a).