Using the same publicly traded company you used in the Environmental Scanning Interactive Assignment (ExxonMobil), and the downloadable
Operating Budget Template
Download Operating Budget Template
, research the company online by accessing the Mergent University of Arizona Global Campus Library online database which offers company financials, descriptions, history, property, subsidiaries, officers and directors. Also, access the Business Insights: Global University of Arizona Global CampusLibrary online database which offers information on global companies, and industries. It includes SWOT reports, market share data, financial reports, case studies, business news, and company comparison charts. (View the
Getting Started With MergentLinks to an external site.
and Business Insights: GlobalLinks to an external site uments for suggested methods of searching University of Arizona Global Campus Library databases generally as well as specific advice for searching these two databases). You can always conduct research using credible online sources of corporate financial information, just be sure that wherever you obtain financial information that you cite your source.
For this Interactive Assignment, you are going to look at the financial statements for the company you selected and, using the previous quarter’s financial data, interpret the data and propose a budget for the next Quarter based on your current and previous analysis of company performance. Complete the budget template using this Operating Budget Template Download Operating Budget Template:
- List your current sales, discounts and allowances, net sales, margins, operating costs, and earning before and after taxes.
- Choose a minimum of two financial ratios (below) and include in your analysis.
- Prepare the next quarter’s budget based on your interpretation of past data.
Include at least two of the following types of relevant financial ratios in your analysis. Review the online article
Analyze Investments Quickly With RatiosLinks to an external site.
(Elmerraji, 2017) and Chapter 5 in the Abraham’s textbook to help with this portion of the budget:
- Profitability Ratio
- Liquidity Ratio
- Solvency Ratio
- Valuation Ratio
- Leverage Ratio
(NOTE: Incorporate the feedback you receive from your instructor and peers and save your work. It will be part of your Strategic Plan Final Project for this course).
Initial Post: In your initial post, provide a brief description of your company and provide a summary of your Operating Budget along with a rationale that supports suggested budgetary changes. Attach your Operating Budget Template to your initial post for review by your instructor and your peers.
Company Name: Operating Budget Q1
[Prior Quarter]
Budget Projection Next Q
Var +/-
Var %
Revenue
Sales Revenue
Interest Income
Investment Income
Other Income
TOTAL INCOME
[Prior Quarter]
Budget Projection Next Q
Var +/-
Var %
Costs and Expenses
Advertising
Health Insurance
Installation/Repair of Equipment
Inventory Purchases
Salaries
Supplies
Insurance
Rent/Lease Payments
Other Expenses
TOTAL EXPENSES
NET PROFIT/LOSS
Net Earnings Before Taxes (
Gain or Loss)
Income Tax Expense
Net Earnings After Taxes
[Prior Q]
Proj. Q.
Change
Ratio Analysis (
Choose a minimum of two)
Profitability Ratio
Liquidity Ratio
Solvency Ratio
Valuation Ratio
Leverage Ratio
2
2
Mission Statement
Kevin Sessions
The University of Arizona Global Campus
Eric Smithson
BUS 402: Strategic Management & Business Policy
February 13, 2023
Mission Statement
ExxonMobil Mission Statement
The mission statement of ExxonMobil provides the company with an overarching vision of the purpose and goals of the company. It states that the company is “committed to being the world’s premier petroleum and petrochemical company” and that it works to “improve standards of living” by providing “energy that is reliable, efficient, and affordable.” This statement serves as a guide for the company’s activities and strategies. For instance, ExxonMobil has developed various strategies to become more efficient and reliable in its energy production and distribution (Mirzayev,2022). It includes investing in new technologies, improving safety protocols, and increasing the company’s production capacity. These strategies align with the mission statement’s goal of providing reliable, efficient, affordable energy. ExxonMobil also works to improve living standards worldwide by investing in communities and engaging in philanthropic activities. It includes providing grants to organizations that help promote education, health, and economic growth. These activities are guided by the mission statement’s goal of improving living standards.
ExxonMobil’s mission statement is to be the world’s premier company in the petroleum and petrochemical industry. The company focuses on operating responsibly to achieve its premier global status. This mission statement addresses the four questions in the Hull article by effectively summarizing the company’s core values. These values focus on providing reliable energy sources while also considering the environmental and social impacts of the company’s operations. The statement emphasizes economic growth, a critical factor driving the company’s success. The statement also recognizes the importance of social development and environmental considerations, indicating a commitment to responsible practices that benefit both people and the planet. The mission statement reflects ExxonMobil’s commitment to innovation and sustainability (Singh & Misra,2022). By focusing on responsibly delivering energy, the company is signaling its dedication to developing new technologies and practices that are more efficient and sustainable than those used in the past. This commitment is evidenced by the company’s commitment to investing in renewable energy sources and actively participating in research on new energy sources.
ExxonMobil receives a 4-star rating based on its mission statement. Their mission statement emphasizes their commitment to safely and responsibly providing energy to the world safely and responsibly. They have a strong focus on innovation and sustainability, demonstrating their commitment to reducing emissions and increasing the use of renewable energy. They also emphasize their commitment to their customers and shareholders, ensuring their operations align with their values and beliefs. Overall, ExxonMobil’s strong mission statement reflects its dedication to providing energy while respecting the environment and its stakeholders, which justifies a 4-star rating.
References
Mirzayev, N. (2022). Corporate Social Responsibility In The Oil And Gas Industry.
Network Intelligence Studies, (20), pp. 101–109.
https://seaopenresearch.eu/Journals/articles/NIS_20_2
Singh, K., & Misra, M. (2022). The evolving path of CSR: toward business and society relationship.
Journal of Economic and Administrative Sciences,
38(2), 304-332.
https://www.emerald.com/insight/content/doi/10.1108/JEAS-04-2020-0052/full/html
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