You are the President of Loyalist Electronics Corporation. You have called in the National Sales Manager to discuss her performance. Her responsibilities included creation of the budget, the Business Plan, and its implementation. Required: Using the results from Question 2 and the financial statements below, prepare an agenda for this meeting. This agenda should: - identify 8 key issues arising from the Variance Analysis; - your particular concerns for each issue; - a ranking of her performance, on a 1-5 scale (1=very poor, 5 = excellent), and - a summary to justify your evaluation of her performance An example of your report could include: Significant deviations from the budget, called budget variances, may have three causes - The budget may not have been well conceived - Conditions may have changed - Managers may have performed their jobs particularly well or poorly A suggested framework could include for each of Revenue, Expenses, Net Income, Assets, Liabilities, Equity, one large variance, a second large variance ( 8 items): - What were changes from budget? - What answer do you anticipate? - What score would you give her? At end of your analysis, divide the 8 scores by 8 to get an overall rating. I nvalict Elonawawion Loyalist Electronics Corporation Pro Forma Balance Sheet As at December 31, 2022 You are the President of Loyalist Electronics Corporation. You have called in the National Sales Manager to discuss her performance. Her responsibilities included creation of the budget, the Business Plan, and its implementation. Required: Using the results from Question 2 and the financial statements below, prepare an agenda for this meeting. This agenda should: - identify 8 key issues arising from the Variance Analysis; - your particular concerns for each issue; - a ranking of her performance, on a 1-5 scale (1=very poor, 5 = excellent), and - a summary to justify your evaluation of her performance An example of your report could include: Significant deviations from the budget, called budget variances, may have three causes - The budget may not have been well conceived - Conditions may have changed - Managers may have performed their jobs particularly well or poorly A suggested framework could include for each of Revenue, Expenses, Net Income, Assets, Liabilities, Equity, one large variance, a second large variance ( 8 items): - What were changes from budget? - What answer do you anticipate? - What score would you give her? At end of your analysis, divide the 8 scores by 8 to get an overall rating. I nvalict Elonawawion Loyalist Electronics Corporation Pro Forma Balance Sheet As at December 31, 2022