Cost-Volume-Profit Analysis

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CVPAssignment.docx

` UCW – ACCT 621

Class Assignment #2

Criteria Guidelines

1. Project Assignment

· The intent of the assignment is to apply the concepts discussed in the Chapter 11 readings, specifically, cost-volume-profit.

· Due Date – beginning of class, one week from the date of issuance (via email addressed to myself through the UCW portal)

· Required:

Put together a recommendation/ set of changes to the Chow business plan introduced in class.  Identify areas that the plan was weak and introduce items that you believe would enhance the viability of the business.  When you are complete, identify the number of the customers that the restaurant would need to serve in order to break even.   As discussed in class, you may want to change the theme of the restaurant, introduce a new menu and/ or identify areas of cost containment.  Each of these areas will have an impact on your break even analysis and I will be looking at how these changes are reflected in your final conclusion - number of customers required. Ideally, the assignment will have an executive summary, a couple pages for your insights and analysis, and an appendix, possibly with the updated financial statements.  Marks will be earned with originality, attention to detail, consistency of thought and focus, and level of professionalism (ie., writing quality/ font/ graphs, etc.) in communicating your findings.

While not required, you may introduce assumptions if the information within the business case incomplete. The assumptions made should be identified and included in the written submission. Grading of the assignment will consider the plausibility, detail and basis of the assumptions.

Based on your analysis, highlight areas that you believe the entity may pursue in order to expand/ grow its operations. You may also consider areas that it may consider to minimize exposure to various risks. Grading will be based on the realism of your strategy. This is optional, though an opportunity to score additional marks.

2. Marking scheme

· Written report = 10% of the overall class grade – will be graded based on logic/ realism, originality and ability to incorporate class concepts.

· Up to 5 pages in length, but could be greater if charts, pictures, etc. are included

· The appendix may include a new set of financial statements based on your assumptions

· Formatting will be considered, including a title page, executive summary, consistency in font, standard currency format (eg., $1,000 and not 1,000$), correct table alignment/ fit within pages, no abbreviations (except where previously defined, proper references (eg., APA or Chicago style)

· The course rubric is also provided below and will provide guidance for the overall marking scheme of this assignment.

Assessment Rubrics

Written Communication Assessment: Guideline

1

Did not meet expectations

2

Met expectations

3

Exceeded expectations

Writing Conventions (grammar, word use, punctuation, mechanics)

Frequent grammatical errors and misspellings inhibit readability, Informal language, abbreviations and

slang are used

Few grammatical errors and misspellings (e.g. three or fewer per page) Correct verb tense used Paragraphs flow from one to another Active voice pervasive

Free of grammatical errors and misspellings

Effective verb tense used Uses phrases and construction that delight as

well as inform the reader

Primarily active voice

Overall Effectiveness of

Piece (professional appearance, expression

and format)

Not formatted to

Specifications, Lacking professional appearance

Formatting is generally correct, acceptable

professional appearance.

Assigned format followed explicitly: Exceptional

professional appearance

Critical Thinking and Written Analyses Rubric – Scale Description/Guideline

Levels

Criteria

1

Did Not Meet Expectations

2

Met Expectations

3

Exceeded Expectations

Clarity

Writing is not clear. It is difficult to understand points

being made. The writing lacks

transitions, and few examples and/or illustrations are provided to support explanation or recommendations.

Writing is generally well organized and understood.

Transitions are used to facilitate

clarity. Some examples and/illustrations are used to support explanation or recommendations.

Writing is succinct, precise, effectively organized and

without ambiguity.

Transitions, explanation and elaboration are extensive to elucidate points. Detailed illustrations

and/or examples are used to support explanation or

recommendations.

Relevance

Critical issues/questions are omitted or ignored in the

writing.

Most of the critical issues/questions are addressed in the writing.

All critical issues/questions are addressed completely in the writing

Depth of

Discussion

Ignores bias; Omits arguments

Misrepresents issues; Excludes data; Includes but does not detect inconsistencies of information; Ideas contain

unnecessary gaps, repetition

or extraneous details; Sees no arguments and overlooks differences

Detects bias; Recognizes

arguments; Categorizes content; Paraphrases data;

Sufficient detail to support conclusions and/or

recommendations

Analysis includes insightful

questions; Refutes bias; Discusses issues thoroughly; Critiques content; Values Information ; Examines inconsistencies; Offers extensive detail to support conclusions and recommendations; Suggests solutions or implementation

Breadth of

Discussion

Omits arguments or perspectives; Misses major

content areas/concepts;

Presents few options

Covers the breadth of the topic without being superfluous

Considers multiple perspectives;

Thoroughly delves into the

issues/questions; Thoroughly discusses facts relevant to the issues

Integration of all Elements of

Reasoning

Fails to draw conclusions or

conclusions rely on author’s

authority rather than strength of presentation; Draws faulty conclusions; Shows intellectual dishonesty

Formulates clear conclusions with adequate support

Assimilates and critically reviews information, uses

reasonable judgment, and provides balanced, well

justified conclusions

Internal

Consistency

There is little integration across the sections of the

paper. Several inconsistencies or contradictions exist. Few of the issues, recommendation and explanations make sense

and are well integrated.

Sections of the paper are generally well linked/connected.

Only minor contradictions exist. Most of the issues,

recommendations and explanations make sense and are well integrated.

All sections of the paper are linked. There are no contradictions in the writing. All issues,

recommendations and explanations make sense and are well integrated

Values: Level 1: 10%, Level 2: 50% and Level 3: 100%