Review content found in the RSS reader that you created last week. Answer the following questions (4-5 sentences each): 1. Choose another current event (within the last three months) Go into detail about the current event and what it is about. If the current event you spoke about last week has evolved significantly, feel free to elaborate more on that topic. 2. How is the current event impacting this company, brand or person? 3. How are they handling the event?  • If negatively, how do you think they should be handling it?  • Positively?  4. Do you think it’s something that will effect the company long-term or short-term and why?

To avoid any uncertainty regarding his business’ financing needs at the time when such needs may arise, Cyrus Brown wants to develop a cash budget for his latest venture: Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next 9 months:

March       $100,000April          $275,000May           $320,000June           $450,000July            $700,000August       $700,000September $825,000October    $500,000November  $115,000

He has also gathered the following collection estimates regarding the forecast sales:

• Payment collection within the month of sale = 25%
• Payment collection the month following sales = 55%
• Payment collection the second month following sales = 20%

Payments for direct manufacturing costs like raw materials and labor are made during the month that follows the one in which such costs have been incurred. These costs are estimated as follows:

March    $187,500April      $206,250May        $375,000June       $337,500July              $431,250August        $640,000September $395,000October $425,000

Additional financial information is as follows:

• Administrative salaries will approximately amount to $35,000 a month.
• Lease payments around $15,000 a month.
• Depreciation charges, $15,000 a month.
• A one-time new plant investment in the amount of $95,000 is expected to be incurred and paid in June.
• Income tax payments estimated to be around $55,000 will be due in both June and September.
• And finally, miscellaneous costs are estimated to be around $10,000 a month.
• Cash on hand on March 1 will be around $50,000, and a minimum cash balance of $50,000 shall be on hand at all times.

To receive full credit on this assignment, please show all work, including formulas and calculations used to arrive at the financial values.

Group Project Guidelines

• As a group, prepare a monthly cash budget for Cyrus Brown Manufacturing for the 9-month period of March through November.
  • Use Excel to prepare the monthly cash budget.
• Based on your cash budget findings, answer the following questions:
  • Will the company need any outside financing?
  • What is the minimum line of credit that CBM will need?
  • What do you think of CBM’s cash position during the budget period? Do you see any concerns for the company in this regard?
  • If you were a bank manager, would you want CBM as your client? Why or why not?
• It is up to the members of the group to divide the assignment tasks evenly. You will be graded on group participation

1. analysis of the economy (policies, performance, etc)

2. Theoretical analysis of the exchange rate (UIP, PPP)

3. Further supporting evidence

4. Conclusion and recommendation

In this module, you will explore how businesses react to changing economic times and the influence this has on product and service positioning in the market place. You will also learn about the different approaches an organization may take such as a retrenchment approach, an investment approach, or an ambidextrous approach to provide a foundation for opportunity and risk in recessionary times.

Consumer spending habits have undergone dramatic and enduring change with the slowed economy in the United States.

Using the module readings, Argosy University online library resources, and the Internet, respond to the following:

• What are the factors that are key for establishing product differentiation in the new post-recession consumer environment especially as it relates to economic indicators?
• What is a luxury good and should marketers of luxury goods abandon their efforts to establish premium pricing?
• How do changes in societal attitudes toward companies and products affect the way marketers of consumer goods think about the customer value chain? Provide examples of companies that have changed their approach to marketing in response to a shift in consumers’ value in changing economic times.

Write your initial response in approximately 300 words.

Apply APA standards to citation of sources.

By Saturday, April 22, 2017, post your response