Cost-Volume-Profit Analysis
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Question Description
Purpose of Assignment
The Case Study focuses on CVP (Cost-Volume-Profit), break-even, and margin of safety analyses which allows students to experience working through a business scenario and applying these tools in managerial decision making.
Resources
? Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC)
? Tutorial help on Excel and Word functions can be found on the Microsoft Office website.
? There are also additional tutorials via the web offering support for Office products.
Scenario
Mary Willis is the advertising manager for Bargain Shoe Store. 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, Mary 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 Mary’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 Mary’s ideas are used.
? Compute the margin of safety ratio for current operations and after Mary’s changes are introduced (Round to nearest full percent).
? Prepare a CVP (Cost-Volume-Profit) income statement for current operations and after Mary’s changes are introduced.
? Prepare a maximum 700-word informal memo to management addressing Mary’s suggested changes.
? Explain whether Mary’s changes should be adopted. Why or why not?
? Analyze the above information (three bullet points above) and use this information to support your suggestion.
? ? Show your work in Microsoft Word or Excel.
Complete calculations/computations using Microsoft Word or Excel.
3 Answer questions using Excel and show screenshots of equations/formule used. Explain work
(2) Solve Chapter 2, Problem 2 (30 points). Using phstat, generate box plot and dot scale diagram for all numeric columns (10 points). Use data below.
Insurance Survey
Age
Gender
Education
Marital Status
Years Employed
Satisfaction*
Premium/Deductible**
36
F
Some college
Divorced
4
4
N
55
F
Some college
Divorced
2
1
N
61
M
Graduate degree
Widowed
26
3
N
65
F
Some college
Married
9
4
N
53
F
Graduate degree
Married
6
4
N
50
F
Graduate degree
Married
10
5
N
28
F
College graduate
Married
4
5
N
62
F
College graduate
Divorced
9
3
N
48
M
Graduate degree
Married
6
5
N
31
M
Graduate degree
Married
1
5
N
z57
F
College graduate
Married
4
5
N
44
M
College graduate
Married
2
3
N
38
M
Some college
Married
3
2
N
27
M
Some college
Married
2
3
N
56
M
Graduate degree
Married
4
4
Y
43
F
College graduate
Married
5
3
Y
45
M
College graduate
Married
15
3
Y
42
F
College graduate
Married
12
3
Y
29
M
Graduate degree
Single
10
5
N
28
F
Some college
Married
3
4
Y
36
M
Some college
Divorced
15
4
Y
49
F
Graduate degree
Married
2
5
N
46
F
College graduate
Divorced
20
4
N
52
F
College graduate
Married
18
2
N
*Measured from 1-5 with 5 being highly satisfied.
**Would you be willing to pay a lower premium for a higher deductible?
(3) Chapter 3 – Solve Problem 23. (10 x 4 = 40 points)
(4) Probability Distributions.
4.1. Generate 500 random numbers between 1 and 100 using RANDBETWEEN function. (10 points)
4.2. Plot the theoretical normal and weibull probability distributions, as line plots, for range 0 to 150 based on your 500 random numbers. For Weibull distribution, use alpha = 1.8 and beta = mean of 500 values 10.
(20 points)
4.3 Show calculations and tables used to plot graphs/figures. (10 points)
(5) Joint Probability.
Solve problem 35 from chapter 3. Use data below.
Joint probability calculations (10 points). a, b and c (30 points)
Note: Round all decimal values to 3 digits of precision.
Not a High
School GradHigh School
GraduateSome College
No DegreeAssociate’s
DegreeBachelor’s
DegreeAdvanced
DegreeNever Married
4120320
7777104
4789872
1828392
5124648
2137416
Married, spouse present
15516160
36382720
18084352
8346624
19154432
9523712
Married, spouse absent
1847880
2368024
1184012
465392
670712
301136
Separated
1188090
1667010
842715
336165
405240
165780
Widowed
5145683
4670488
1765010
556657
977544
475195
Divorced
2968680
7003040
3806000
1674640
2340690
1217920
Note: For all questions, show screenshots of equations/formulae used. Explain work.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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