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Preparation of the Sales Budget 6 to >5.0 pts Excellent The student has properly

April 11, 2024

Preparation of the Sales Budget
6 to >5.0 pts
Excellent
The student has properly entered all sales figures into the sales budget, with no errors.
5 to >4.0 pts
Good
The student has entered the sales figures into the sales budget, with one error.
4 to >3.0 pts
Fair
The student has entered the sales figures into the sales budget with two errors.
3 to >0.0 pts
Poor
The student has entered the sales figures into the sales budget with three errors.
0 pts
Unacceptable
The student has entered the sales figures into the sales budget with more than three errors, or has not entered the sales figures at all.
6 pts
This criterion is linked to a Learning OutcomePreparation of the Schedule of Cash Collections
20 to >17.0 pts
Excellent
The student has correctly identified the sales figures, collection percentages, and has properly calculated the monthly and quarterly cash collections without error.
17 to >15.0 pts
Good
The student has properly identified the sales figures, collection percentages, and has calculated the monthly and quarterly cash collections figures with minor errors.
15 to >13.0 pts
Fair
The student has properly identified the sales figures, collection percentages, and has calculated the monthly and quarterly cash collections with moderate error, or 70% accuracy.
13 to >0.0 pts
Poor
The student is not fully able to identify the sales figures and collection percentages, and therefore unable to accurately calculate the monthly and quarterly cash collections.
0 pts
Unacceptable
The student is unable to identify sales figures and collection percentages, leading to completely inaccurate monthly and quarterly cash collections results.
20 pts
This criterion is linked to a Learning OutcomePreparation of the Merchandise Purchases Budget
20 to >17.0 pts
Excellent
The student correctly determines the budgeted cost of goods sold, desired ending inventory and beginning inventory figures to calculate the monthly and quarterly merchandise purchases without error.
17 to >15.0 pts
Very good
The student determines the budgeted cost of goods sold, desired ending inventory and beginning inventory figures to calculate the monthly and quarterly merchandise purchases minor errors.
15 to >13.0 pts
Fair
The student determines the budgeted cost of goods sold, desired ending inventory and beginning inventory figures with minor error, and calculates the monthly and quarterly merchandise purchases with moderate errors.
13 to >0.0 pts
Poor
The student incorrectly identifies and calculates the budgeted cost of goods sold, desired ending inventory, and beginning inventory, and calculates the merchandise purchases with significant errors.
0 pts
Unacceptable
The student is unable to calculate the budgeted cost of goods sold, desired ending inventory, and beginning inventory, and is unable to calculate the merchandise purchases.
20 pts
This criterion is linked to a Learning OutcomePreparation of the Cash Disbursements Schedule for Merchandise Purchases
20 to >17.0 pts
Excellent
The student is able to identify the monthly accounts payable for each month’s purchases, and calculates the monthly and quarterly cash payments without error.
17 to >15.0 pts
Very Good
The student is able to identify the monthly accounts payable for each month’s purchases, and calculates the monthly and quarterly cash payments with minor errors.
15 to >13.0 pts
Fair
The student is not able to completely identify the monthly accounts payable for each month’s purchases, and calculates the monthly and quarterly cash payments with moderate errors.
13 to >0.0 pts
Poor
The student is not able to fully identify the monthly accounts payable for each month’s purchases, and calculates the monthly and quarterly cash payments with significant errors.
0 pts
Unacceptable
The student is not able to identify the monthly accounts payable for each month’s purchases, and is unable to calculate the monthly and qua. with significant errors.
20 pts
This criterion is linked to a Learning OutcomePreparation of the Cash Disbursements Schedule for Selling and Administrative Expenses
10 to >8.0 pts
Excellent
The student is able to identify and calculate all selling and administrative costs and is able to derive correct monthly and quarterly totals of these costs.
8 to >7.0 pts
Good
The student is able to identify and calculate most selling and administrative costs and is able to derive mostly correct monthly and quarterly totals of these costs.
7 to >6.0 pts
Fair
The student is able to identify and calculate most selling and administrative costs and is able to derive monthly and quarterly totals of these costs with moderate error.
6 to >0.0 pts
Poor
The student is able to identify and calculate most selling and administrative costs and is able to derive monthly and quarterly totals of these costs with moderate error.
0 pts
Unacceptable
The student is unable to identify and calculate the selling and administrative costs is unable to derive monthly and quarterly totals of these costs.
10 pts
This criterion is linked to a Learning OutcomePreparation of the Cash Budget
30 pts
Excellent
The student is able to identify data from the previous schedules, and appropriately includes them in the cash budget. In addition, the student is able to properly calculate the excess or deficiency of cash, and determine the proper financing, repayment and interest payment.
26 pts
Very Good
The student is able to mostly identify data from the previous schedules, and appropriately includes them in the cash budget. In addition, the student is able to properly calculate the excess or deficiency of cash, and determine the proper financing, repayment and interest payment, with minor errors.
23 pts
Fair
The student is somewhat able to identify data from the previous schedules, and appropriately includes them in the cash budget. In addition, the student is able to properly calculate the excess or deficiency of cash, and determine the proper financing, repayment and interest payment with moderate error.
20 pts
Poor
The student is somewhat able to identify some data from the previous schedules, and includes it in the cash budget. In addition, the student is able to properly calculate the excess or deficiency of cash, and determine the proper financing, repayment and interest payment with significant error.
0 pts
Unacceptable
The student is unable to identify data from the previous budget schedules to be included in the cash budget, nor is the student able to identify the excess/deficiency of cash, the amount of financing, repayment, nor the appropriate interest amount.
30 pts
This criterion is linked to a Learning OutcomeUse of Excel Functions and Formulas
10 pts
Full Marks
The student is able to utilize Excel formulas and functions to properly calculate results for at least 90% of the calculated items in the workbook.
8 pts
Good
The student is able to utilize Excel formulas and functions to properly calculate results for at 80-89% of the calculated items in the workbook.
7 pts
Fair
The student is able to utilize Excel formulas and functions to properly calculate results for 70-79% of the calculated items in the workbook.
6 pts
Poor
The student is able to utilize Excel formulas and functions to properly calculate results for 60-69% of the calculated items in the workbook.
0 pts
Unacceptable
The student is able to utilize Excel formulas and functions to properly calculate results for less than 60% of the calculated items in the workbook.
10 pts
This criterion is linked to a Learning OutcomeBSAC.ACCT360.CO8.Budgeting
Evaluate master budget, flexible budget performance reports, direct labor variances, fixed overhead variances, and create budgets for planning purposes and performance evaluation using techniques such as standard costs, variance analysis, and financial statement analysis.
threshold: 3.0 pts
4 pts
Excellent: The student submission fully and properly analyzes the budgeting requirements and creates a thorough and accurate master budget.
3 pts
Good: The student submission properly analyzes the requirements and creates a mostly thorough and accurate master budget.
2 pts
Fair: The student submission demonstrates partial analysis of the requirements, and produces a master budget that is mostly complete, and contains moderate errors.
1 pts
Poor: The student submission demonstrate little or no analysis of the requirements and produces a mostly incomplete or inaccurate master budget.
0 pts
Unacceptable: The student’s submission does not meet the criteria of the outcome.
4 pts

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