Regulations Write All Formulas Required For Explanation

Regulations Write All Formulas Required For Explanation Support Your

Regulations Write All Formulas Required For Explanation Support Your Regulations · Write all formulas required for explanation · Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles. · This assignment is an individual assignment to be submitted in a word file. · Students are encouraged to use their own words. · Students must follow Saudi Electronic University academic writing standards and APA style guidelines . · A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it. · Write at least 4-5 pages in length for each question, excluding the title page and required reference page, which is never a part of the minimum content requirements. · Plagiarism check less than 10%. · It is strongly encouraged that the student submits his/her assignment into the Safe Assignment Originality Check before sending it to your instructor for grading.

Note: For all your answers support your views/opinions with at least two to three scholarly references, and a word count of words for each answer. · Learning Resource: Chapter 5 &6 of the Text Book O’Sullivan, A., Sheffrin, S. M., & Perez, S.J. (2014).Survey of Economics: Principles, Applications, and Tools. (6th).Upper Saddle River, NJ: Pearson Education. Print version: ISBN-10: or ISBN-13: .Digital version: ISBN-13:. Q1. Few markets in the real world have the characteristics of a perfectly competitive market.

Does that mean that the predictions of the model of perfect competition are not very useful in predicting how markets in the real world work? Discuss. (5 Marks) Q2. 'Profit is the maximum value a company can distribute during the year and still expect to be worth as much at the end of the year as it was at the beginning .' Discuss this statement, and comment on its value in measuring profit for decision-making. (5 Marks) Q3. As a manager, would you prefer your business to be in a monopoly position or a perfectly competitive market? Why?

Support your views with examples. (5 Marks) Q4.Why is it that, in the short-run, after a certain number of workers has been hired, output increases by less and less with each additional worker hired? Illustrate your answer with an example. Would there be any circumstances under which this phenomenon would not occur? (5 Marks) Note: For all your answers support your views/opinions with at least two to three scholarly references, and a word count of words for each answer. Learning Resource: Chapter 5 &6 of the Text Book O’Sullivan, A., Sheffrin, S. M., & Perez, S.J. (2014).Survey of Economics: Principles, Applications, and Tools. (6th).Upper Saddle River, NJ: Pearson Education.

Print version: ISBN-10: or ISBN-13: .Digital version: ISBN-13:. End of Page Assignment Content Scenario: Jessica Cox is the advertising manager for Specialty Shoes. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 in fixed costs currently spent. In addition, Jessica is proposing a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000).

Variable costs will remain at $24 per pair of shoes. Management is impressed with Jessica's ideas but concerned about the effects these changes will have on the break-even point and the margin of safety. Assignment Steps Complete the following: · Compute the current break-even point in units , and compare it to the break-even point in units if Jessica's ideas are used. · Compute the margin of safety ratio for current operations and after Jessica's changes are introduced (Round to nearest full percent). · Prepare a CVP (Cost-Volume-Profit) income statement for current operations and after Jessica's changes are introduced. Prepare a maximum 500-word informal memo to management addressing Jessica's suggested changes. · Explain whether Jessica's changes should be adopted.

Why or why not? Analyze the your calculations (three bullet points above) and use this information to support your suggestion. MEMO To: From: Date: Subject: Good afternoon, XXXXX, Opening: this is a chance to diffuse tension and set the tone for the memo. Kindly and very briefly state the point of the memo. Summary: the summary is the body.

Here you will present FACTS, not opinions, to allow the read to make an informed decision. Closing: the final remarks are a call to action. Invite the reader to contact you with any further questions. Signature Title Contact info(can be fake for class) Sheet1 Wk 5 Cost-Volume-Profit Analysis Scenario Details Provided Current data Jessic Proposal Sales per pair Variable cost per pair Sales volume 20,,000 Fixed Cost 270,,. Compute the current break-even point in units, and compare it to the break-even point in units if Jessica's ideas are used.

Current Jessica Proposal Current sales per pair Less Current Variable cost per pair Current Contribution per pair Current sales volume 20,,000 Current Fixed Cost 270,,000 Current BEP 16,,000 The current BEP is 16,875 pair of shoes The new BEP as per Jessica's proposal 21,00 pair of shoes 2. Compute the margin of safety ratio for current operations and after Jessica's changes are introduced (Round to nearest full percent). Current Jessica's Proposal Current Sales Volume 20,,000 Curent BEP 16,,000 Margin of safety 3,,000 Margin of safety ratio with sales 16% 13% Current margin of saftey ratio is 16% New Margin of safety ratio Per Jessica's Proposal is 13% 3. Prepare a CVP (Cost-Volume-Profit) income statement for current operations and after Jessica's changes are introduced. Specialty Shoes (Current) Specialty Shoes (after Jessica's Proposal) CVP Income Statement CVP Income Statement For the Month Ending June 30, 2020 For the Month Ending June 30, 2020 Sales Revenue 800,000 Sales Revenue 912,000 Less Variable costs 480,000 Less Variable costs 576,000 Contributions Margin 320,000 Contributions Margin 336,000 Less fixed costs 270,000 Less fixed costs 294,000 net income 50,,000