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: Nina Lopez and Matt O’Rourke have been trying to raise capital to expand their growing chain of cupcake shops, Treasure Cup. They make a full range of traditional cupcakes, but they found immediate success with their signature cupcakes, those that have a range of fillings, from ice cream to candy to exotic fruits. They opened their first store 10 years ago and quickly expanded throughout their state. They now own 15 stores in four states in the Northeast and are looking toward further expansion. Initially, Nina and Matt were thinking they would try to branch out nationally, but with the swift success they’ve had, and the fact that they both were born in countries outside of the United States, they decided to set their sights even bigger and expand overseas. Their Treasure Cups have broad appeal, and their fillings can be easily tailored to local taste. Nina and Matt therefore concluded not to limit themselves by looking at just the U.S. market. They had already proven that…
6.10. NanoTech is ready to begin production of its exciting new tech- nology. The company is evaluating three methods of production: (A) a small production facility with older equipment, (B) a larger produc- tion facility that is more automated, and (C) subcontracting to an elec- tronics manufacturer in Singapore. The costs of each alternative are shown below. Determine for what level of demand each production process should be chosen. Process Fixed Cost Variable Cost A $200,000 $40 $600,000 $20 2$ $60
Why feasibility analysis is important before starting a new venture? What important areas as entrepreneur should focus while carrying out feasibility analysis?
Quarter 2 Flora Co intends to expand the business to include a home delivery service. The delivery van is expected to cost $20,000 and the business has a 60% chance of the new delivery service being successful. The following decision tree has been produced to represent this decision. The final profit figures in the decision tree are based upon whether demand is good or poor for the new delivery service. Expand Cost of van ($20,000) Key D Don't expand Decision Outcome Success 0.6 Failure 0.4 A B Good 0.7 Poor 0.3 Good 0.2 Poor 0.8 $600,000 $100,000 $10,000 $8,000 $0

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