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…
This is in reference to the AURA resedential development project, which consists of 39 high end units and this project was done by NCB Group in Grand Cayman. This is for a project management course so please answer as such. Explain the processes and/or activities that the project team used to deliver a quality service, result, or product to the sponsor, customers, and users.
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
Case Study: Read the case and answer the questions given below. Zara designs and markets an extensive range of women's and men's fashion apparel and accessories, with versatile collections ranging from casual to dressy. The company also produces fragrances for women and men. The company wants to double revenue, cut operations costs, reduce time from product design to availability, and improve communications with customers. To achieve these goals, Zara is making a major technology overhaul that will increase hardware, software, databases, and network capabilities. Zara has developed Web-based tools to improve communications with suppliers and retailers. A Web-based application allows retailers to track purchase orders and to check the status of transactions instantly - a process that used to be done over the phone. Over 60% of customer orders are now placed electronically. The company also invested heavily in software to track materials around the world and to help communicate better…
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…
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.
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
1. Base on your own understanding, explain the importance of Feasibility study in designing the food service facility?

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