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Dancin Donuts

Please read the scenario below, and then answer the questions that follow in a 3-page analysis. The questions will guide your analysis of the situation, but they need to be presented as part of a report to the owner of the company.

Scenario:

Dancin’ Donuts, established in January 2019, is a thriving new business specializing in low-carb donuts. The 2019 keto diet fad led to increased sales, and the chief financial officer (CFO) prepared a robust budget for 2020. In early March 2020, the small business had record-breaking sales but abruptly needed to shut its doors because of the global pandemic. The CFO conducted the following analysis for the month of March:

Dancin’ Donuts March 2020

 

Budget

Actuals

$ Var

%

 

Total Revenue

200,000

196,947

-3,053

-2%

 

Total Cost of Goods Sold

100,000

98,000

-2,000

-2%

 

GROSS PROFIT

100,000

98,947

-1,053

-1%

 

 

Total Expense

75,000

72,000

-3,000

-4%

 

 

 

 

 

 

Total Interest Income

200

100

-100

-50%

 

Total Other Expense

1,000

1,000

0

0%

 

-800

-900

-100

13%

 

 

 

 

 

Earnings Before Interest, Taxes, Depreciation, & Amortization (EBITDA)

24,200

26,047

1,847

8%

 

Total Interest Expense

6,400

6,385

-15

0%

 

Total Depreciation & Amortization

10,000

10,000

0

0%

Earnings Before Taxes (EBT)

7,800

9,662

1,862

24%

 

 

Total Income Taxes (30%)

2,340

2,899

559

24%

 

Net Income

5,460

6,764

1,304

24%

Please answer the following questions:

  1. What does AVB stand for?
  2. What is the total revenue for March 2020 when compared to the budget?
  3. What is the variance from the budget in the net income for the month?
  4. What is the income tax percentage for the month?

 

Submitting your assignment in APA format means, at a minimum, you will need the following:

  • Title page: Remember the running head. The title should be in all capitals.
  • Length: 3 pages minimum
  • Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
  • Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

 

 

Grading Rubric: Maximum 100 Points

Grading Criteria

Points

Deliverable requirements addressed; understanding of material and presenter’s message and intent are clear 

40 points

Followed assignment guidelines and criteria

20 pts

Yes/Complete

Mostly

Not at all

Overall quality

20 pts

Excellent

Satisfactory

Needs Improvement

Scholarly research that supports the writer’s position is properly acknowledged and cited, and direct quotations do not exceed 10% of the word count of the body of the assignment deliverable 

25 points

Title page, table of contents, tables, exhibits, appendices or reference page included

12.5 pts

Yes

Partially

Not at all

Content is original with less than 35% match

12.5 pts

Yes

36–50%

51% or over

Critical thinking: Position is well-justified; logical flow; examples  

10 points

Position is justified with examples

5 pts

Excellent

Satisfactory

Needs Improvement

Presentation flows logically

5 pts

Excellent

Satisfactory

Needs Improvement

Structure: Includes introduction and conclusion, proper paragraph formatting, and reads as a polished academic paper or professional presentation, as appropriate for the required assignment deliverable

7.5 points

Includes introduction and conclusion

2.5 pts

Excellent

Satisfactory

Needs Improvement

Paragraphs are formatted properly

2.5 pts

Excellent

Satisfactory

Needs Improvement

Reads as polished academic paper or presentation

2.5 pts

Excellent

Satisfactory

Needs Improvement

Mechanical: No spelling, grammatical, or punctuation errors 

10 points

Spelling and grammar are accurate

5 pts

Yes

Partially

Not at all

Punctuation is accurate

5 pts

Yes

Partially

Not at all

APA: Deliverable is cited properly according to the APA Publication Manual 

7.5 points

References are cited in accordance with APA formatting

5 pts

Yes

Partially

Not at all

Reference page is included

2.5 pts

Yes

Partially

Not at all

 

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