Etges, Calegari, Rhoden and Cortimiglia (2016) prepared the first paper for this topic, and the authors outline the concept, meaning, and relevance of the profit, cost, and volume relationship model. The approach is often employed by the company to find out what profits the firm will achieve when manufacturing expenses have been eliminated. As the manufacturing volume of the goods increases, total production costs decrease. Many organizations are thus trying to ensure that they produce the proper amount of goods at a certain stage to control their expected costs.

Daniel (2012) produced the second article, which emphasizes that the CVP concept has been a kind of process through which a corporation attempts to see whether or not it would be useful to apply new ideas or models. The estimates of profit margins are obtained before the implementation of the proposal in the system. This enables management to simply determine the estimated sorts of expenditures it has to pay to implement a new project. The investors or stakeholders might be persuaded of the new idea’s profitability based on the projections.

Punniyamoorthy (2017) wrote the third article selected and the author tries to emphasize that the CVP approach was not only good for cost management but also helps in the marketing activities that a corporation does. Based on estimates of the normal number of products to be produced at a particular period, marketing strategies are developed accordingly. If the corporation does not want to create additional goods, marketing has been slowed down such that additional orders for that product are not obtained. CVP is thus also utilized to advise marketing strategists.

The profit-cost-volume analysis is crucial throughout the planning process in any business. It provides a quick estimate of the product’s financing and profitability throughout manufacturing. Determining the breakeven point would be crucial in this situation. It is very important for budgeting and profit planning. If a firm like Nutri Gain wants to create a new breakfast bar, for example. The product growth group will compute the break-even threshold during the first development phase to determine if it is worthwhile to continue investing in a new bar. The following are some examples of estimated values:

$1.00 is the variable cost (per bar produced)

$4,000 in fixed expenses (for the month)

$2.00 is the selling price (per bar)

Breakeven point = Fixed Expenses /((Sales price per unit) – (Variable costs per unit))

= $4,000/$(2.00 – 1.00)

= 4,000 units

This indicates that the firm has to sell 4,000 bars every month to break even.

Variable Costing

Kristensen (2020) was the author of the first article considered for this study. The author emphasized the many advantages of utilizing variable costing to control the operating expenses of manufacturing units in today’s industries. Many businesses can comprehend the difficulties in their systems as well as the best techniques they can use to manage them due to the notion of variable costing. Many businesses have begun to use lean operating processes to reduce costs and enhance profit margins on each product. Furthermore, some businesses have utilized variable costing to assess whether new technologies may be incorporated to provide customers with competitive pricing.

Novak et al., (2017) were the authors of the second paper considered for this discussion. The major goal of the study was to determine how overhead expenditures behave and how probable they are to affect the company’s profits. If a corporation is unable to anticipate, calculate, and control overhead expenses, it will almost certainly lose money at some point. The profit margins which are retained should involve a thorough examination of the potential overhead expenditures, and also how they could behave in the future. The writers provide a thorough description of the many equations that management might use to get the greatest outcomes.

Petr et al., (2016) wrote the third essay that was selected. The writers point out that managing various expenses has been one of the most important and difficult aspects for managers in today’s firms. If the management is unable to produce accurate financial and calculating estimates, it may result in a crisis that affects not just the firm but also the business as a whole. To establish the different expenses and how they must be controlled at the end of the day, variable costing must be employed. Profit margins must not be affected in any way

The overview of the several articles mostly on the CVP model & variable costing provides a substantial amount of information on why the two concepts are important for any management to know or comprehend. It is often the manager’s responsibility to review proposals and ensure that the project, product, or service will provide the profit margins that the organization anticipated. It might be detrimental for the firm as a whole if the management has no expertise or understanding on this account.

Variable costing assists in categorizing expenses based on their function and behavior in the majority of circumstances. Managers would be able to predict total expenses which would vary whenever the cost of the volume varies more effectively if they utilize the behavior and function. As a result, it was critical for firm executives to address variable costs. For instance, suppose the Nutri Gain firm receives a $200 order for 200 bars. To determine approximately the variable cost, materials cost per unit (15 cents), and labor cost per unit (20cents)

Total Variable Cost = (Total Quantity of Output) x (Variable Cost Cost Per Unit of Output)

= 200 X (0.15 +0.20)

= $ 70.00

Total Variable Cost Total variable expenses will be $70, resulting in a gross profit of $130(200 – 70).

As a result, utilizing the variable costs, profits may be predicted.

 Reply to the above discussion with 150 words

Ask a probing question, substantiated with additional background information, evidence or research.

• Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives.

• Offer and support an alternative perspective using readings from the classroom or from your own research in the  University Library.

• Validate an idea with your own experience and additional research.

• Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings.

• Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence.

THERE ARE TWO PARTS TO THIS ASSIGNMENT

Imagine you are creating an agency to provide mental health services for individuals suffering from mood disorders. In order to get the word out about your new agency, create a brochure that identifies two specific mood disorders your agency will provide services for in your community.

Include the following in your brochure:

1. A description of your target audience.
2. A brief description of the methods used to address each mood disorder
3. A list of potential treatment goals for each mood disorder.

Use a brochure format of your choice that is appealing to your target audience. (graphics and color are encouraged).  You do not need to submit the brochure to LopesWrite.

While APA style is not required for the body of the brochure assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

In a separate document, write a 300-500-word reflection that does the following:

1. Summarize your rationale for choosing these methods and treatments for your agency
2. Describe how and why you have presented the information in your brochure the way you have. Take into consideration your target population.
3. Use at least two scholarly sources to substantiate your rationale. The sources and reflection should be in APA format. Submit the reflection to LopesWrite.

The reflection assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

***PLEASE REVIEW ATTACHED RUBRIC***

PLEASE LEAVE ANSWERS IN NUMBER FORM

1. Identify an organization that could benefit from the application of the I/O Model of Above-Average Returns (Figure 1.2 on page 15 in the textbook).
   • Follow the five steps to justify your answer.
   • Do not use Apple or Walmart in this exercise.
   • Be sure to incorporate the relevant vocabulary or terms from the chapter and give us the “why”

2. Respond to the following:

Can any firm beat Amazon in the marketplace? If not, why not? If so, how can they best do so? How formidable a competitor is Google for Amazon? Please explain. Consider:

• What are Amazon’s major strengths?
• Does it have any weaknesses? Please explain.
• Is Jet.com a potential concern for Amazon? Why or why not?
• Given the importance of understanding the external environment, why do some firms fail to do so? Provide examples of firms that did not understand their external environment.
  • What were the implications of the firm’s failure to understand that environment

3. Many companies use their brand as a competitive advantage. Given your knowledge about the global economy, identify three brands you believe have the strongest likelihood of remaining a source of advantage in the 21st century and explain why. Explain the effects you believe the Internet’s capabilities will have on the brands you identified in the previous discussion and what the owner of the brand should do in light of them

4. Review the Aldi case study on page 169 of your text. Assess your satisfaction with Aldi and make recommendations about how the company could modify its business-level strategy to both increase your overall level of satisfaction and to attract new customers. Provide specific examples to support your response.

• Analyze the five business-level strategies discussed in Chapter 4 to determine which strategy most likely applies to Aldi. Determine how a shopper’s experience might change if it switched to one of the other four strategies (your choice). Explain your rationale.

Instructions

You have been asked by the hospital’s Chief Nursing Officer to create a PowerPoint presentation (using speaker notes for each slide or voiceover narration) on Magnet designation, quality measures and patient outcomes to be presented to the Board of Directors. This presentation should include:

1. Background on Magnet Recognition Program®.
2. Summary of the Magnet status model components and diverse data elements that can be used in the hospital’s Quality Improvement initiatives that will be measured for redesignation.
3. Explain the use of hospital, state and national data comparison requirements in Magnet redesignation and quality improvement.
4. Three goals that align to Magnet status with an explanation of how these goals can positively impact the hospital’s patient outcomes.

Rubric:

Clear and thorough background information on Magnet Recognition Program. Included comprehensive details on the model components and data elements that can be used in QI initiatives. Includes multiple supporting examples.

Clear and thorough explanation of hospital, state and national data comparison requirements in Magnet redesignation. Included comprehensive explanation with multiple supporting examples for comparison of hospital, state, and national data comparisons quality improvement.

Comprehensive list of more than three goals aligned to Magnet status. Included multiple supporting examples of how all of the goals can positively impact the hospital’s patient outcomes.

 

Module 02 Content

1. We will now get started on your course project. First, start by considering your topic. If you have a real product to sell or site to work with, great! If not, consider what you hope to be working on in the future and structure your plan so it will be applicable – a non-profit, a nursing home, a private business, an etsy shop…where do you plan to go?
   Then research this kind of brand on social media sites and write about the specifics.

   Check out some similar pages, see what works and doesn’t, and get your creative juices going.

   Next, consider your social media choices. The most popular are sites like Facebook, Twitter, Pinterest, LinkedIn, Instagram, or Yelp. But you should think about your brand and what would work best: where would people look for your brand? What would be helpful to people considering and/or using it? Choose 4 different social media sites to work with for this project.

   For this assignment, you’ll be turning in a basic outline of these ideas for your instructor to give you feedback. Since this project is a big piece of your grade, we want to make sure you are going in the right direction!

   Your assignment should be at least 2 pages in length and should include:

   • a brief outline of your topic / brand
   • some research on similar brands
   • a list of your 4 social media choices 
   • Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.

     Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:
     Jstudent_exampleproblem_101504