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i just need the action plan completed?You will need to complete the attached MBA Action Plan for both SF003 & SF004 (2 separate Action Plans) for each learning objective you need to revise in each competency.Feedback from professorLearning Objective 3.2: Determine a company’s investment in accounts receivable.:NEEDS IMPROVEMENT1Determination of average sales per day is computed incorrectly. Determination of company’s investment in accounts receivable is inaccurate and/or incomplete.Additional Comments: Use the correct input for average collection period in formula. Check math for Daily Sales., item 3.2 in the rubric on Investment in Accounts Receivable is incorrect. It is primarily caused by wrong input for Average Collection Period and math for (Annual Sales/365). Redo and check with tutor.13 hours agoATTACHMENTSmba_action_plan_2019_template_v2.0.docx- The action plan templatesf003_s_cobia.docx The original document that was incorrect, i copied the feedback from the professor actionplansf003_s_c This is the corrected document mba_action_plan_2019_template_v2.0__1_.docx sf003_s_cobia.docx actionplansf003_s_cobia.docx Unformatted Attachment Preview MASTER OF BUSINESS ADMINISTRATION Competency-Based Learning Action Plan for Achieving/Mastering Competency Student Name: _____________________________ Competency: _____________________________ For each learning objective in the rubric scored as 1 or a 0, please complete the table below. • • • • Once you have developed your reflection and action plan, return the form to your Academic Coach & the SME for review. Your SME will review your MBA Action Plan, and either approve it or return for revision. Once this form is approved, your SME will submit this signed form to the MBA Program Director for review. If approved by the MBA Program Director, this MBA Action Plan will be forwarded to you and your Coach, which will permit the competency to be unlocked. When submitting your revised work, please also upload this form. Note: You are responsible for completing your SME-approved action plan. The SME’s signature does not automatically ensure that the competency will be achieved or mastered. When developing your action plan, please consider the following: • • • • Does your improvement strategy address the SME’s comments fully? Resources needed (e.g., Walden’s Writing Center, Academic Skills Center). Questions for your SME to further assist you with Learning Objectives/Rubric scoring criteria. Questions/Clarification items for the SME. ***If more than one rubric objective is involved, copy cells below and add them to the document*** Each objective not met in the Attempt Three should be listed in the table below with SME feedback, your reflection on SME feedback, and a list of actions that will help you to improve your work. EXAMPLE: Learning Objective Learning Objective 1.1 Analyze a workplace for positive attributes that promote a culture of creativity (Delete this example, including the word EXAMPLE, and type objective number and the description of the objective for which you scored “1” or “0”. Delete these instructions in parentheses.) EXAMPLE: SME Feedback Two positive attributes were provided for each scenario, but explanations were not given as to why and how each attribute contributes to the climate for creativity. (Delete this example, including the word EXAMPLE, and copy SME feedback comments explaining why you did not achieve this learning objective. Delete these instructions in parentheses.) EXAMPLE: Reflection on SME Feedback In my assessment I listed two positive attributes of creativity found in each scenario, but I did not explain why and how those attributes encourage creativity in a specific situation. I have no questions at this time. (Delete this example, including the word EXAMPLE, and explain how you interpret SME feedback comment. If you have any questions or need further clarification of SME feedback, list them here. Delete these instructions in parentheses.) EXAMPLE: Steps for improvement I will add a section in which I will explain why and how my two positive attributes encourage creativity in each given scenario. I will use academic sources to support my explanations. (Delete this example, including the word EXAMPLE, and describe specific steps that will help you to revise your work and ensure that your assessment meets this particular rubric objective. Delete these instructions in parentheses.) If you need more space for another objective that you did not achieve, delete text in this cell, then copy the cells above and paste them here. SME Recommendation(s): SME signature: Date: Version 2.0 SF003: Sources and Uses of Short-Term Capital Short Answer Submission Form Your Name: Shericia Cobia Your E-mail Address: shericia.cobia1@waldenu.edu Instructions This Competency includes a Short-Answer Response Assessment. Write your response to each prompt below in the space provided. The Rubric, which will be used by the Competency Assessor to evaluate your responses, is beneath the prompts. Carefully review the Rubric rows associated with each prompt to provide a complete response. When writing your response, begin typing where it reads “Enter Your Response Here.” Write as much as needed to satisfy the requirements of the prompt (as defined in the Rubric). Be sure to support your responses with connections to professional sources. Your Assessment responses require references (in APA style) to support your thinking. You will list your references at the end of this template where “References” are noted. If you need additional information regarding how to correctly cite, and/or reference sources, please visit the Walden Writing Center at http://academicguides.waldenu.edu/writingcenter/apa/citations To learn more about effective paraphrasing strategies, visit the Walden Writing Center at http://academicguides.waldenu.edu/writingcenter/evidence/paraphrase/effective ©2015 Walden University 1 Review the following example item and response for a sample that meets expectations. Sample Prompt: Choose a definition of organizational culture, and explain whether you agree or disagree with the definition. Use examples from your own professional experience to support your response. Response: Whitehurst (2016) explained “organizational culture is defined by how people in an organization interact with each other” (para. 2). While I agree that this is one aspect of organizational culture, the definition does not capture the complex factors that contribute to organizational culture. When I started my first job after finishing my undergraduate degree in business, I worked for an organization whose main headquarters were in Dubai. When I traveled to Dubai for the first time, I realized that the culture of the Dubai office was largely influenced by the society’s culture in Dubai. I found that the organization lacked one cohesive culture and that, depending on regional locations, each office had its own culture. International organizations often face many challenges in maintaining a cohesive organizational culture (Watkins, 2013). I found this observation to be true in my experience. For example, the Dubai office seemed to endow their employees with more allowance for self-direction when compared with our domestic offices. Although people’s interactions with one another contributed to the organization’s culture, there were other factors like location, management style, and societal norms that impacted a business culture as well. References Watkins, M. D. (2013, May 15). What is organizational culture? And why should we care. Harvard Business Review. Retrieved from https://hbr.org/2013/05/what-is-organizational-culture Whitehurst, J. (2016, October 13). Leaders can shape company culture through their behaviors. Harvard Business Review. Retrieved from https://hbr.org/2016/10/leaders-can-shape-company-culture-through-their-behaviors Note: References are included at the end of a Short-Answer Assessment but are included here as an example of an accurate APA reference list. ©2015 Walden University 2 1. You are a graduate student who is being considered for an internship on the finance team of a national sporting goods retailer. In your first interview, you are asked by a recent hire to explain the differences between gross working capital, net working capital, and net operating working capital and their relationship to the cash conversion cycle. How would you explain these? (3–4 paragraphs) Your Response Working capital management is crucial for any company. It is vital to make sure that the current liabilities are kept at a sustainable level. Keeping more current assets increases the liquidity of a company as opposed to keeping high amounts of current liability. Still, one has to take note of the three main types of working capital (WC). They include the gross WC, the net, and the operating WC. The gross working capital refers to the assets the business intends to use for a one-year duration. It is computed as the sum of all the liquid assets. Some of the assets include the inventory which is purchased with the intentions of being sold (Kenton, 2019). The cash and cash equivalents comprises of the cash at hand, the cash in the bank and the marketable securities. It also includes the supplies and the account receivables brought about by the credit sales. Any prepaid expenses are also included in the current assets section. The net working capital is the difference between the current assets and current liability. The latter refers to obligations to be honored within a one-year period. They include account payables that entail the amounts owed to the various suppliers. Besides, it also includes the short term loans repayable within and one-year period (Net Operating Working Capital, n.d.). The accrued expenses are also considered as part of the current liabilities. Furthermore, the net operating working capital (NOWC) is calculated as the difference between the current assets which are required in operations and the liabilities that do not bear interest. The assets considered are the cash, account receivable and inventories while the liabilities are the account payable and the accrued expenses. In addition, cash is vital for the day to day operations of a business. Cash is not only used to purchase inventory and pay the multiple expenses but also to achieve the strategic plans of the business (Codjia, 2017). Notably, it is a vital part of business management in any company. Thus, it is fundamental to make sure a lot of money is not tied up in the inventory and other gross working capital. References ©2015 Walden University 3 Codjia, M. (2017, November 21). What Is the Relationship Between Working Capital & the Cash Conversion Cycle? Retrieved from https://smallbusiness.chron.com/relationship-between-working-capital-cash-conversion-cycle-25217.html Kenton, W. (2019, July 25). Gross Working Capital. Retrieved from https://www.investopedia.com/terms/g/grossworkingcapital.asp Net Operating Working Capital (n.d.). Retrieved from https://xplaind.com/772531/net-operating-working-capital Rubric 0 Not Present 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations Sub-Competency 1: Describe basic working capital concepts (gross working capital, net working capital, net operating working capital, cash conversion cycle). Learning Objective 1.1: Describe the differences between gross working capital, net working capital, and net operating working capital. ©2015 Walden University Description of the differences is missing. Description of the differences is inaccurate and/or incomplete. Description of the differences is accurate and complete. Description makes no clear distinction between gross working capital and net working capital. Description makes a clear distinction between gross working capital and net working capital. Description makes no clear distinction between net working capital and net operating working capital. Description makes a clear distinction between net working capital and net operating working capital. Response demonstrates the same level of achievement as “2,” plus the following: Descriptions include references to the given business context, i.e., makes use of the facts in the given scenario. 4 0 Not Present Learning Objective 1.2: Description of the Describe the relationship between gross relationship between working capital, net gross working capital, working capital, net net working capital, net operating working capital, operating working and the cash conversion capital, and the cash cycle is missing. conversion cycle. 1 Needs Improvement Description of relationship is inaccurate and/or incomplete. 2 Meets Expectations Description of the relationship among the four concepts is accurate and complete. 3 Exceeds Expectations Response demonstrates the same level of achievement as “2,” plus the following: Descriptions include references to the given business context, i.e., makes use of the facts in the given scenario. 2. You are the CFO for XYZ Candies, a boutique candy distributor. Your new CEO wants to expand into online sales, but this will require purchasing an additional $50,000 in inventory from the manufacturer each month over the next year. Write a memo that explains the various short-term financing options available to your CEO. What are the advantages and disadvantages of each source? What do you recommend and why? (2–3 paragraphs) Your Response The manager may choose multiple short term debt financing. Uptake of overdraft facilities and other short term loans. Such a capital has a coupon rate that determines the amount of interest payable in any financial year. The financial cost is paid whether and business make a profit or a loss. However, a high amount of debt increases the default risk and the leverage level of and business. The promissory has many benefits. They include its simple nature of payment terms and little documentation. However, it has demerits such as it may not be the best form of financing for complex situations (Promissory notes, n.d.). It may also lead to and borrower hiding unfavorable conditions. A commercial paper has many advantages and disadvantages. It is not only an easy and quick effective way of finding working capital but also cheaper than other bank loans and has and wide maturity period (Commercial paper, n.d.). However, it has to be regulated by strict guidelines and the credit available at the financial institution may be reduced. It is also only available to profitable firms. ©2015 Walden University 5 A line of credit is an agreement between and customer and a financial institution. It sets the maximum loan that one can borrow and set amount. One has full access to the credit facility provided it is within the borrowing limit. And borrower is also expected to make timely minimum payments. Revolving credit is an account on one’s credit report that stipulates the credit limit as determined by the lenders. The lender determines the charges to be applied within that limit and the amount of monthly payments. Merits and demerits of short term borrowing Short term credit usually has lower interest rates as compared to long term ones. Such an amount translates to relatively lower financial cost. They are also faster to obtain as they have little requirements. The loans are useful in dealing with cash shortages and unexpected expenses. Lines of credit are flexible and convenient as they enable one to minimize the interest costs (Brigham, 2013). However, the use of short term loans may be expensive in the long term. And company that may face hard financial conditions may find it hard to renew the credit limit. References Brigham, E. F. (2013). Fundamentals of financial management. Mason, Ohio: South-Western Cengage Learning. Goodman, R. T. (2018). Promissory Notes: On the Literary Conditions of Debt. Lever Press. Rubric Sub-Competency 2: Analyze uses of short-term financing sources: bank loans (promissory notes, lines of credit, revolving credit agreements) and commercial paper for needed short-term working capital. ©2015 Walden University 6 Learning Objective 2.1: Describe the shortterm financing options available to finance a company’s expansion plans. Description of the shortterm financing options available to fund a company’s expansion is missing. Description does not include discussion of bank loans (promissory notes, lines of credit, revolving credit) and/or commercial paper. Analysis of the advantages and disadvantages of short-term financing sources is missing. Response demonstrates the same level of achievement as “2,” plus the following: Description is complete and specific to the facts of the scenario. Description includes discussion of other financing sources beyond those given. Analysis does not cite clear advantages and disadvantages of each funding source. Analysis cites clear advantages and disadvantages of each funding source. Response demonstrates the same level of achievement as “2,” plus the following: Analysis is not specific to the facts of the scenario. Analysis is specific to the facts of the scenario. Analysis of advantages and disadvantages includes discussion of other financing sources beyond those given. Description is not specific to the facts of the scenario. Learning Objective 2.2: Analyze the advantages and disadvantages of short-term financing sources. Description includes discussion of bank loans (promissory notes, lines of credit, revolving credit) and commercial paper. 3. Cash Conversion Cycle: Do problem 16-4, Parts a–c, on page 568. (Fundamentals of Financial Management, 13th Edition) Your Response ©2015 Walden University 7 Part 1a Inventory conversion period Average collection period Payable deferral period Cash conversion cycle 75 38 30 83 Part 1c Annual days Days of inventory Inventory Turnover 365 75 4.87 Part 1b Annual credit sales Annual days Average sales per day Average collection period Investment in account receivable 3421875 360 9505.208 83 788932.3 Reference Lacoma, T. (2019, February 11). The Average Investment in Accounts Receivable. Retrieved from https://bizfluent.com/info10008982-average-investment-accounts-receivable.html ©2015 Walden University 8 Rubric Sub-Competency 3: Calculate the inventory conversion period, the receivables collection period, and the payables deferral period to determine the cash conversion cycle. Learning Objective 3.1: Calculate the cash conversion cycle for a company. Learning Objective 3.2: Determine a company’s investment in accounts receivable. Learning Objective 3.3: Determine a company’s annual inventory turnover ratio. Calculation of the cash Calculation is inaccurate conversion cycle is missing. and/or incomplete. Determination of a company’s investment in accounts receivable is missing. Determination of a company’s annual inventory turnover ratio is missing. Calculation is accurate and complete. Calculation is not stated correctly in terms of how the cash conversion cycle is expressed. Calculation is stated correctly in terms of how the cash conversion cycle is expressed. Determination of average sales per day is computed incorrectly. Determination of average sales per day is computed correctly. Determination of company’s investment in accounts receivable is inaccurate and/or incomplete. Determination of inventory turnover ratio is inaccurate and/or incomplete. Determination of company’s investment in accounts receivable is accurate and complete. Determination of inventory turnover ratio is accurate and complete. Response demonstrates the same level of achievement as “2,” plus the following: Calculation includes a reference to the given business context. Response demonstrates the same level of achievement as “2,” plus the following: Determination includes a reference to the given business context. Response demonstrates the same level of achievement as “2,” plus the following: Determination includes a reference to the given business context. 4. You are the new finance manager for XYZ Parts, an electronics distributor. Before working at XYZ, you spent several years working for its close competitor, ABC Electronics. One of your first deliverables to your new CEO is an analysis of the competition from a financial perspective. As part of your analysis, you decide to compare the cash conversion cycles of the two companies, using the following facts: ©2015 Walden University 9 XYZ Parts Inventory conversion period = 88 days Average collection period (ACP) = 54 days Payables deferral period = 30 days ABC Electronics Inventory conversion period = 90 days ACP = 44 days Payables deferral period = 30 days Based on this information, how does the cash conversion cycle for XYZ Parts compare with that of ABC Electronics? (2–3 sentences) Your Response Part 1a Inventory conversion period Average collection period Payable deferral period Cash conversion cycle XYZ ABC 88 54 30 112 ... Purchase answer to see full attachment