Assignment 2 - EL5732.docx - Assignment 2 (20 points)...

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Assignment 2(20 points)Assignment 2: Costs and ProfitInstructionsSave this file in your course folder, and name it with Assignment, the section number,and your first initial and last name. For example, Jessie Robinson's assignment forSection 1 would be named Assignment1JRobinson.Type the answers to the assignment questions below. Use complete sentences unlessthe question says otherwise. You will have more than one day to complete anassignment. At the end of each day, be sure to save your progress.Review Lesson 4 of the Course Overview for instructions about turning in yourassignments.Assignment QuestionsIn Section 2, you learned about costs and profit. Now, you'll apply what youlearned.1. Choose a real or made up example of a company, and describe at leastthree variable costs the company has. (1-3 sentences. 1.5 points)Let Sanguine Wines Ltd. refer to a hypothetical company for the purpose.
2. Choose a real or made up example of a company, and describe at leastthree fixed costs the company has. (1-3 sentences. 1.5 points)
3. Is gross profit or net profit more important to consider when you're decidinghow successful and profitable a company is? Why? Explain. (1-3 sentences.
4. If you were running a company, describe at least two things you would do toimprove its productivity. (1-4 sentences. 2.0 points)
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Sanguine Wines Ltd

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