State Managerial Accounting Cost Volume Discussion
Economics Minimum Wage Discussion
Help me study for my Economics class. I’m stuck and don’t understand.
There are 2 videos for this discussion you have to watch them and answer the following questions.
DB 5: Minimum Wage
Watch the above videos. Once you have done this click on the above link “Minimum Wage DB” and create a thread with at least two paragraphs containing the following:
What are the positive aspects of raising the minimum wage according to Robert Reich? Explain.
What are the negative aspects of raising the minimum wage according to John Stossel and Guest?
In your opinion, which side of the argument has more merit? Substantiate your view by arguing against the points made by the opposing side.
Perform an Internet search and determine the most recent Federal, California, and San Diego minimum wage. What do you believe would be the optimal minimum wage? Why?
After you post your narrative, reply to at least two other students’ comments. Explain why you agree, or better yet, find others that take a different position and explain why you disagree.
San Jose State University Managerial Accounting Cost Volume Discussion
Profit-Cost-Volume Relationship-Article Summary
(Gandoura, 2017) defines profit-cost volume analysis as the cost accounting method which considers the impacts which varying levels of volume as well as costs have on operating profit. This relationship sets to find out the break-even point for varying cost structures, and sales volumes which are important for management looking to make short terms economic decisions. Further, (Gandoura, 2017) states that the profit cost volume analysis considers various assumptions such as the variable cost per unit, fixed cost and sales price are constant. Running such an analysis involves the use of several equations for cost, price and other variables and then plotting them on economic graphs. According to (Drury, 1992), companies make use of profit-cost volume analysis to establish what influences changes in their volume, costs and prices. An accurate and careful profit cost volume analysis requires cost knowledge as well as their variables and fixed behaviors as the volume changes.
In addition, according to (Layne, 2004), profit-cost-volume analysis is inclusive of the analysis of number of goods sold, variable costs, fixed costs and sales prices and how it affects business profitability. He goes ahead to state that the main intention of businesses is earning profits and this profit depend much on various factors among them, the volume of sales and costs of manufacturing, both of which are largely interdependent. The sales volume depends on volume of production which is in turn related to costs, affected by production methods used, internal business efficiency, product mix and production volume. Thus, (Layne, 2004), concludes by stating that the profit cost volume analysis helps management to establish the relationship that exists between revenue and cost to generate profits.
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.
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