Knowing Your Numbers to Increase Your Decision-Making Confidence
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
Topic 1: Knowing Your Numbers to Increase Your Decision-Making Confidence
Please review the Discussion Board participation grading rubric. This is important information that will ensure that you earn maximum points. Your professionally written APA-compliant postings, using appropriate sources, should provide substantive depth that advances the discussion. Please edit your posts for grammatical errors before you post. Be sure to review the requirements for each week’s discussion topic(s). Remember that a post to the instructor is not considered a post to peers, so please be sure that you respond to at least two peers for full credit.
Access all required readings (articles, videos, etc.) from the Library.
Understanding the financial health of your business is critical to its success over the short and long term, as you have seen in the simulation play. Understanding the story that your numbers tell will be critical in both long- and short-range decision making. In your simulation game play, you have been tracking many different financial metrics and using the standard financial statements to make decisions on growth. This week, you will be completing a non-graded learning activity about accounting through the Small Business Association website to gain a good foundation in understanding basic financial statements. In your simulation for this week, you will be reviewing the microsimulation called Profitability Analysis — Using Profitability Analysis to Increase the Bottom Line. The ability to successfully complete a profitability analysis will depend on your understanding of the basic accounting reports and your knowledge of your own simulation company. For this unit’s Discussion, you will be using this week’s readings, Learning Activity, and profitability analysis from the Marketplace simulation. This profitability analysis will be available to you when you log into the simulation in this unit. Your personal experience (if applicable) may aid in this Discussion. Answer the following questions:
Main Response
- In your Marketplace simulation, you were charged with growing a profitable business. How did you and the team use the financial tools and profitability analysis to aid in your decision making? Provide specific examples of what went well and what you would change if given the opportunity. For example, would you increase the financial acumen of all members of your team? Why? What would you gain from a business and decision-making perspective?
I am including a short summary of what happened during my simulation so you can compose it in the whole discussion. See below:
During quarter 2, we realized that the brands we had developed were not profitable to the extent of our liking so we scrapped those brands and developed new ones. We set price points that were both appeasing to consumers but were also profitable to the maximum. If I could change something before finishing quarter 3, I would change the amount of units being produced daily so we could meet the consumer demand more and see increased profitability.
- Conduct research using the Global Purdue Library, the web, or other sources that you uncover and post three additional individual resources on how to use these tools to increase the foundation of knowledge for all. These resources can be articles, videos, blogs, etc. Please also provide a small synopsis of each resource, the points you found particularly valuable, and how you would use each tool to increase the effectiveness of your business decision making.
- Identify a company that you are interested in learning more about. You can choose any company for which you feel you can access financial data and investigate their best practices on achieving profitability. Tell your classmates and instructor what you have found out from your investigation.
I attached one reading but you can use other sources as well. It is recommended.
McGarvie, B. (2006). Creating financial acumen within your company [Video file]. Available from Skillsoft: https://libauth.purdueglobal.edu/sso/skillport?context=38536
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. The 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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