Refer to exercise 3(a). The estimated cost for "Design" is (choose the best answer):$60,000B $240,000$300,000Cannot be determined of the work themselves.3. Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If thetotal project cost is estimated to be $600,000, what are the estimated costs for thefollowing deliverables?a. Design

I assume that the apportioned percentages is as follows: To solve the estimated cost for the design,…

Answered: Refer to exercise 3(a). The estimated…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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CASE STUDY - Bricks and Mortar This coursework concerns the development of information systems for the branch offices of Bricks and Mortar, a rapidly expanding estate agency in the south of England. The attached information was gathered in an interview with Mrs Kate Hudson, joint owner and managing director. Bricks and Mortar are considering computerising and "internetting" the main part of their business: that carried out in the branch offices; the selling and marketing of houses. They called this the "Business Improvement Project" (BIP). It is hoped that this will enable Bricks and Mortar to become the premier estate agent in the south of England although with the drop in demand to buy houses as the rental market expands coupled with new internet based estate agents emerging this could be a tough target to meet. However, the BIP should allow costs to fall as there will be a need for fewer administrative staff especially if they switch away from advertising in newspapers and move onto…
What are importance of writing a feasibility study report? Discuss each briefly.
Why feasibility analysis is important before starting a new venture? What important areas as entrepreneur should focus while carrying out feasibility analysis?
HJ Heinz Corporation is constructing a distribution facility in Italy for products such as Heinz Ketchup, Jack Daniel’s sauces, HP steak sauce, and Lea & Perrins Worcestershire sauce. A 15- year life is expected for the structure. The exterior of the building has not yet been selected. One alternative is to use concrete walls as the facade. This will require painting now and every 5 years at a cost of $80,000 each time. Another alternative is an anodized metal exterior attached to the concrete wall. This will cost $200,000 now and require only minimal maintenance of $500 every 3 years. A metal exterior is more attractive and will have a resale value of an estimated $25,000 more than concrete 15 years from now. Assume painting (for concrete) or maintenance (for metal) will be performed in the last year of ownership to promote selling the property. Use future worth analysis and i = 12% per year to select the exterior finish.
How important feasibility studies as a prior step in setting up restaurant/food service facilities?
Lazer Technologies Inc. (LTI) has produced a total of 20 high-power laser systems that could be used to destroy any approaching enemy missiles or aircraft. The 20 units have been produced, funded in part as private research within the research and development arm of LTI, but the bulk of the funding came from a contract with the U.S. Department of Defense (DoD). Testing of the laser units has shown that they are effective defense weapons, and if redesigned to add portability and easier field maintenance, the units could be truck-mounted. The DoD has asked LTI to submit a bid for 100 more units. The 20 units that LTI has built so far cost the following amounts and are listed in the order in which they were produced: Use Exhibit 6.4 and Exhibit 6.5. UNITNUMBER COST($ MILLIONS) UNITNUMBER COST($ MILLIONS) 1 $ 13.0 11 $ 2.2 2 7.5 12 2.1 3 5.8 13 1.9 4 4.5 14 1.9 5 4.0 15 1.7 6 3.5 16 1.7 7 3.1 17 1.5…
ABC company plans to produce a new line of laptop computers. Management wants to decide either to purchase keyboard for the new computers from an outside supplier or to manufacture them in the factory. If they buy from the supplier each keyboard will cost 100$. However, if they set up the assembly process required within the company it will cost an initial investment of $100,000. After the set up company can produce each keyboard in the factory for $75. Calculate the break-even point. Comment which option is better below and above the break-even point.
1. Base on your own understanding, explain the importance of Feasibility study in designing the food service facility?

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