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QRB 501 Week 1 DQs Ver 1
In this document of QRB 501 Week 1 Discussion Questions Ver 1 you will find the next points:
DQ 1: One challenge we face on a daily basis in business is calculating decision-making information when we only know part of the information. We may need to know how much we need to determine how changes in our sales will affect our bottom line. If we know our Fixed Costs (FC), our Variable Costs per unit (VCu), our Price per unit (P), and the number of Units (U) sold, we can use a mathematical equation to determine our Net Income (NI). In this case the formula is:
NI = [U * (P - VCu)] - FC
Using the formula from DQ 1, what is the order in which you need to do the calculation? Why does it matter?
DQ 2: Find another problem we may need to solve in business and the mathematical formula that represents the solution that a classmate has not already used. What is the formula and what are the variables? Why do we need to use this shorthand so much in business?
DQ 3: One problem we encounter on a regular basis in operation is working out decision-making details when we just know part of the information. We might require to understand just how much we require to figure out how modifications in our sales will influence our final conclusion. Get one other issue we may require to solve in business utilizing mathematical formulas by studying latest news events, saying the problem to be fixed in your own words, briefly outlining the content, and supplying the reference information or link to let other students a chance to look into the content in full in case they pick. In answering other learner