E$23-30.$ Balanced Scorecard Preparation

The following information is in addition to that presented in exercise M$23-23$ for the Worldwide Auditors' Association. In the budget for the current year, the organization had set a membership goal of $75,000$ members with the following anticipated results:

Additional information follows:

One$-$year subscriptions to Worldwide Auditor were anticipated to be $8,000$ units.

Advertising revenue was budgeted at $$450,000.$ Each magazine was budgeted at a cost of $$48.$

A total of $25,000$ technical reports was anticipated at an average price of $$100$ with average costs of $$36.$

The budgeted one$-$day courses had an anticipated attendance of $25,000$ with an average fee of $$600.$ The two$-$day courses had an anticipated attendance of $5,000$ with an average fee of $$1,000$ per person.

The organization began the year with net capital assets of $$84,100,000$ with a planned cost of capital of $6\%.$

Required

a$.$ Prepare a balanced scorecard for IAA for November with calculated key performance indicators presented in two columns for planned performance and actual performance$-$include key financial, customer, and operating performance indicators.

$b.$ Which of the evaluation areas you selected indicated success and which indicated failure?

c$.$ Give some explanations of the successes and failures.