Business Finance Homework Help

Assignment Details

In today’s fast-paced world, new laws and technologies come along that can change the way a business operates and its costs structure. Recently, Valley Farms restaurant’s costs went up because of a new higher minimum wage in their area. They decide to raise their average meal ticket price, from $14–16, to cover the higher cost. Their variable costs are 60% of the selling price, and their fixed costs are $10,000 per month.

• Discuss the cost–volume–profit relationships restaurants should consider before raising their prices.
• Share some of the non-monetary factors to consider before raising a selling price.

Responses to Peers

Read through your peers’ posts, and respond to a minimum of 2 of your peers. You can connect to your peers in several ways, including the following:

• Discuss how consumers might react to the new higher prices
• Discuss nonfinancial considerations that businesses use to retain customers

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Discussion Board Reminders:

• Must have three posts: A main post and two replies to peers.
  • First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.
  • Second and third post: Must be posted on a different day from the first post.
• Connect to content: At least one post must refer to course learning materials. See the Academic Resource on Discussion Boards for help with connecting to the content.
• Engaging in class discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards.

Grading Rubric

Assignment Criteria	Proficient Descriptor	Points
Quality of Main Post 16 Points Total	Student’s main post meets or exceeds the following requirements: Responds completely to all of parts of discussion question (4 points) Communicates content information accurately and/or logically (4 points) Delivers a thoughtful response demonstrating insights and reflections (4 points) Connects to both key content concepts and personal experiences (4 points)	/16 pts.
Response to Peers 16 Points Total	Responds to a minimum of two peers (8 points per response) Substantive response (4 points) Furthers the conversation with peers. Examples could include (4 points): Provides additional resources Connects to key concepts Shares personal or professional experiences Contributes new information or perspective Presents a competing viewpoint	/16 pts.
Support from Learning Resources 4 Points Total	At least one post refers to course learning resources.	/4 pts.
Professional Writing 4 points	Response is well-organized, clear, and free of grammatical and mechanical errors. Posts demonstrate courtesy and respect for others.	/4 pts.
Total	40 points possible	/40 pts.