Expert answer:Two Assignments: Managing Fixed and Variable Costs
Expert answer:I was needing some help for two difficult economic assignments that one would consist of a PowerPoint Presentation (which has to include an Excel file) and another is a Word Document Essay that will have to include Excel related graphs documented and pasted for the research.First Assignment “Managing Fixed and Variable Costs for Organization”: Purpose of Assignment In this week, students are learning about managing different types of economic costs. Organizations typically have either high fixed costs or low fixed costs, and it is important to understand how business decisions differ in organizations with high fixed costs from organizations with low fixed costs. Assignment Steps Choose two publicly-held organizations. One organization must have high fixed costs and low variable costs, and the other organization must have low fixed costs and high variable costs. (Would like to use WalMart and Target as my two publicly-held organizations).Note: A publicly-held organization is a private-sector firm that is owned by stock holders. Companies with high fixed costs include manufacturing companies, such as automobile manufactures, whereas service companies, such as accounting firms, might have low fixed costs. Create a minimum 8-slide Microsoft® PowerPoint® presentation, including detailed speaker notes or voiceover, analyzing the methods of managing cost depending on the cost construction. Research a University Library for recent publications regarding each company and the industry data. The analysis should include the following:Introduction detailed speaker notesAnalyze your two chosen companies’ cost construction. Do the companies have high fixed costs or low fixed costs? Do the companies have high variable costs or low variable costs? What evidence presents itself to support your findings? detailed speaker notesIn Excel®, chart the relationship between total cost and the number of units produced (output) for each organization/company. Plot two lines on the graph – one line for each company you analyzed. Copy your graph from Excel® and paste it into your PowerPoint® presentation.detailed speaker notesAnalyze currently used methods to minimize costs for the companies and provide recommendations how to improve the process of minimizing costs based on the available information for the industries in which the companies operate. Note: Companies are categorized by the industries they operate in. For example, Wal-Mart is a company operating within the retail trade industry. Hoover’s Company Profiles by ProQuest located in the University Library may be helpful. detailed speaker notesConclusion detailed speaker notesReferences (include peer-reviewed sources only).Cite a minimum of three peer-reviewed sources. Any images and data source materials used, use proper APA citation to cite on presentation.Format the assignment consistent with APA guidelines. Second Assignment: “Research Analysis for Business” that has to include data graph material formatted onto word document and cited properly APA style to talk about.Purpose of AssignmentThe purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms’ decisions. Firms use economic concepts, models, and other “tools” of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the “tools” of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.Assignment Steps Scenario: Imagine you are a business consultant to a firm of your choice. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market. Choose a firm that matches the following criteria: a publicly-traded company operating in the U.S. market. Note: A publicly-traded company is a private-sector firm owned by its shareholders/stock holders. (For this one, I am not sure what would be a good firm to use?)Prepare a minimum 1,050 word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm and what actions the firm can take to ensure success. Address the following:IntroductionIdentify the market structure your chosen firm operates in, analyze your chosen firm’s current market share, and identify the firm’s local/global competitors. Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market. Hints: Be sure you review the barriers to entry discussed in the course text. You might consider presenting the data graphically.Identify and explain trends in current macroeconomic indicators for last three years including:Current stage of the business cycle.Real gross domestic product (GDP).Inflation as measured by the consumer price index (CPI).Unemployment rate.Federal funds rate.Current rate for borrowing funds such as the so-called “prime rate.” Note: A requirement of the Week 1 Influence of Economics on Household Decision Making report was to gather data on the CPI, GDP, and interest rates, so you should consider reviewing the feedback you received on the Week 1 report.Evaluate trends in demand over last three years and explain their impact on the industry and the firm. Include quarterly (last two quarters) and annual sales (last three years) figures for the product your firm sells. Create business strategies by analyzing information and data related to the demand for and supply of your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis.Examine available, current data and information, such as pricing and the availability of substitutes, and explain how you could determine the price elasticity of demand for your firm’s product. Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth.Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output.Based on the data gathered and analysis performed for this report write a conclusion in which you:Create business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations.Develop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented.Propose how the firm’s position within the market and among its competitors will allow it to take your recommended action.Recommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government policies. Cite a minimum of three peer-reviewed references and a minimum of two government economic data sources/references. Format your assignment consistent with APA guidelines. Important Side Note: Instructor checks for plagiarism and no plagiarism should be used. Also, please include direct web link peer-reviewed references and the two government economic sources and references. Also, attached below is the criteria my instructor will be grading us on for both assignments.
grading_guide_for_resarch_analysis_for_business.doc
grading_guide_for_managing_fixed_and_variable_costs.doc
Unformatted Attachment Preview
Research Analysis for Business Grading
Guide
ECO/561 Version 12
Economics
Copyright
Copyright © 2017 by University of Phoenix. All rights reserved.
University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.
Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All
other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended
to imply endorsement, sponsorship, or affiliation.
Research Analysis for Business
Grading Guide ECO/561 Version
12
Edited in accordance with University of Phoenix® editorial standards and practices.
2
Research Analysis for Business
Grading Guide ECO/561 Version
12
Individual Assignment: Research Analysis for Business
Purpose of Assignment
The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of
decisions that impact the marketplace and influence firms’ decisions. Firms use economic concepts, models,
and other “tools” of economics to help determine pricing, output, and profit maximization. As an MBA student of
economics, you can apply the “tools” of economics to microeconomic and macroeconomic data to create
recommendations for how firms can maximize revenue, profit and market share.
Resources Required
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.
Grading Guide
Content
Identified the market structure student’s
chosen firm operates in, analyzed student’s
chosen firm’s current market share, and
identified the firm’s local/global competitors.
Analyzed the barriers to entry in this market to
illustrate the potential for new competition and
its impact on firm’s future in the market.
Identified and explained trends in current
macroeconomic indicators for last three years
including:
• Current stage of the business cycle.
• Real gross domestic product (GDP).
• Inflation as measured by the consumer
price index (CPI).
• Unemployment rate.
• Federal funds rate.
• Current rate for borrowing funds such as
the so-called “prime rate.”
Evaluated trends in demand over last three
years and explained their impact on the
industry and the firm. Included quarterly (last
two quarters) and annual sales (last three
years) figures for the product student’s firm
sells. Created business strategies by
analyzing information and data related to the
demand for and supply of firm’s product(s) to
support student’s recommendation for the
firm’s actions. Included a graphical
representation of the data and information
used in student’s analysis.
Met
Partially
Met
Not Met
Comments:
3
Research Analysis for Business
Grading Guide ECO/561 Version
12
Content
Met
Partially
Met
Not Met
Total
Available
Total
Earned
7
#/7
Partially
Met
Not Met
Comments:
Examined available, current data and
information, such as pricing and the
availability of substitutes, and explained how
student could determine the price elasticity of
demand for firm’s product. Assessed how the
price elasticity of demand impacts the firm’s
pricing decisions and revenue growth.
Applied the concepts of variable and fixed
costs to firm for informing its output decisions.
Analyzed how different kinds of costs (labor,
research and development, raw materials)
affect the firm’s level of output.
Based on the data gathered and analysis
performed student’s conclusion included:
• Business strategies, including price and
non-price strategies, based on market
structure to ensure the market share and
potential market expansions. Also
included exploration of global
opportunities for student’s business in a
dynamic business environment and
provided recommendations.
• A recommendation for how the firm can
manage its future production by
synthesizing the macroeconomic and
microeconomic data presented.
• Proposal for how the firm’s position within
the market and among its competitors will
allow it to take your recommended action.
• Recommended strategies for the firm to
sustain its success going forward by
evaluating the findings from demand
trends, price elasticity, current stage of
the business cycle, and government
policies.
Cited a minimum of three peer-reviewed
references and a minimum of two government
economic data sources/references.
The analysis is a minimum of 1,050 words in
length.
Writing Guidelines
The paper—including tables and graphs,
Met
Comments:
4
Research Analysis for Business
Grading Guide ECO/561 Version
12
Writing Guidelines
Met
Partially
Met
Not Met
Total
Available
Total
Earned
3
#/3
10
#/10
headings, title page, and reference page—is
consistent with APA formatting guidelines and
meets course-level requirements.
Intellectual property is recognized with in-text
citations and a reference page.
Paragraph and sentence transitions are
present, logical, and maintain the flow
throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed
including spelling and punctuation.
Assignment Total
Additional comments:
#
Comments:
5
Managing Fixed and Variable Costs for
Organization Grading Guide
ECO/561 Version 12
Economics
Copyright
Copyright © 2017 by University of Phoenix. All rights reserved.
University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.
Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All
other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended
to imply endorsement, sponsorship, or affiliation.
Edited in accordance with University of Phoenix® editorial standards and practices.
Managing Fixed and Variable
Costs for Organization Grading
Guide ECO/561 Version 12
Learning Team Assignment: Managing Fixed and Variable Costs for Organization
Purpose of Assignment
In this week, students are learning about managing different types of economic costs. Organizations typically
have either high fixed costs or low fixed costs, and it is important to understand how business decisions differ in
organizations with high fixed costs from organizations with low fixed costs.
Resources Required
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.
Hoover’s Company Profiles by ProQuest located in the University of Phoenix Library.
Grading Guide
Content
Chose two publicly-traded companies.
Analyzed students’ two chosen companies’
cost construction. Answered the following
questions:
• Do the companies have high fixed costs
or low fixed costs?
• Do the companies have high variable
costs or low variable costs?
• What evidence presents itself to support
your findings
Charted the relationship between total cost
and the number of units produced (output) for
each organization/company in Excel®.
Plotted two lines on the graph – one line for
each company student analyzed. Copied
students’ graph from Excel® and pasted it into
students’ PowerPoint® slide show.
Analyzed currently used methods to minimize
costs for the companies and provided
recommendations how to improve the
process of minimizing costs based on the
available information for the industries in
which the companies operate.
Cited a minimum of three peer-reviewed
sources.
Met
Partially
Met
Not Met
Comments:
2
Managing Fixed and Variable
Costs for Organization Grading
Guide ECO/561 Version 12
Content
Met
Partially
Met
Not Met
Total
Available
Total
Earned
2
#/2
Partially
Met
Not Met
Total
Available
Total
Earned
1
#/1
3
#/3
Comments:
The presentation is a minimum of 8 slides and
is appropriate for the audience. Included
detailed speaker notes or voiceover.
The presentation includes relevant media and
visual aids that are consistent with the
content.
Presentation Guidelines
Met
The presentation is laid out with effective use
of headings, font styles, font sizes, and white
space.
Intellectual property is recognized with in-text
citations and a reference slide.
The presentation includes an introduction and
conclusion that preview and review major
points.
Major points are stated clearly; are supported
by specific details, examples, or analysis; and
are organized logically.
Rules of grammar and usage are followed
including spelling and punctuation.
Assignment Total
Additional comments:
#
Comments:
3
…
Purchase answer to see full
attachment
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades