State Managerial Accounting Cost Volume Discussion

State Managerial Accounting Cost Volume Discussion

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State Managerial Accounting Cost Volume Discussion

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Economics Minimum Wage Discussion

Help me study for my Economics class. I’m stuck and don’t understand.

1. 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.

State Managerial Accounting Cost Volume Discussion

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