1. The reason that smaller projects appear to be more profitable is because of the cost drivers that Linda Evans chose to use to allocate the overhead costs. It is unfair to allocate an equal amount of overhead cost to the different kinds of projects, when the smaller projects cost more in days of data collection than the larger reports do. This is especially important to consider because the days of data collection is directly related to the project salaries, which is the cost driver for the allocation of overhead.
Large Projects
600 days/20 projects = 30 days per project
Small Projects
3600 days/100 projects = 36 days per project
2. $640,000/160 trips = $4000 per trip $370,000/4200 days = $88.095 per day $390,000/1300 pages = $300
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So, by focusing on larger projects, the company’s revenue will be $1,300,000, which leads to $65,000 of revenue per project ($1,300,000/20 large projects). Thus, Survey Master should focus their sales efforts mainly on large projects. Even though the trips required for a small project is 1.1 trips and for a large project is 2.5 trips and even though large projects require 12.5 pages and small project require 10.5 pages, it is still more profitable to conduct large projects; this is because the collection of data is cheaper in large projects and revenue generation is larger in large projects. However, it is definitely recommended that Survey Master not solely focus on large projects because small projects are also required. For instance, if Survey Master wants to target a new client base, conducting small projects will be more feasible to test the results before investing in the large project. In the future, Survey Master LLC’s strategy should be to select projects that are equal to or greater than $65,000.
4. We previously decided that Survey Master LLC’s future strategy is to select projects that are equivalent to or greater than $65,000. The ratio of small projects to larger is 20:100, reduced to 1:5 (every five projects completed, one large project is completed). If the salaries remain constant, the calculated number of large projects completed within a year is 40. With that, the revenue would yield $2,600,000.
The first project proposal is Match My Doll Clothing line expansion consisted of expanding matching doll and child’s clothing and accessories. The second project proposal is Design Your Own Doll by creating customizable “one of a kind” doll features through the company’s website. The project selection criteria would base on quantitative and qualitative analysis. The quantitative analysis would base on the evaluation of discounting cash flow forecasts to determining the Net Present Value (NPV), Internal Rate of Return (IRR), and the Payback period of each proposed project. The qualitative analysis would include the potential project value of the company’s overall strategy, innovation, key project risks, and the project interdependencies to the whole company.
2. Net Present Value – Secondly, Peter needs to investigate the Net Present Value (NPV) of each project scenario, i.e. job type, gross margin, and # new diamonds drills purchased. The NPV will measure the variance of the present value of cash outflow (drilling equipment investment) versus the future value of cash inflows (future profits), at the benchmark hurdle rate of 20%. A positive NPV associated with the investment means that the investment should be undertaken as it exceeds the minimum rate of return. A higher NPV determines which project scenario will have the highest return on cash flow, hence determining the most profitable investment in terms of present money value.
I was born in Victoria, Texas. Being raised in South Florida, I’ve been around a variety of cultures and diverse people all my life. I am mu-lingual (English / Spanish) and I am conversational in Italian. Attending Somerset Academy Charter since kindergarten is one of the reasons I am who I am today. Somerset Academy is a school that makes each student feel important, valued and part of a school community. I have always had the opportunity to speak up and reach out to my peers for any help and advice needed. The Somerset Academy community has shaped me into being a dedicated student and has allowed me to build mentoring relationships with many of my professors. Another reason I am the person I am today is because of my parents and the empowerment afforded to me. I come from a family that has instilled in me the significance of an education and a strong work ethic. They have also taught me the importance of freedom of choice and accountability for those choices. My parents have always stressed that an education is paramount to attain a
Evaluating the risks, calculating the probability of success, and factoring in the projected profit from sales will provide a clearer NPV to be compared with other projects in the
Raff also speaks of high failure rates of Hispanics but he fails to account for any success of
Growing up in a small fishing town afforded me the opportunity to see water in a far different perspective than most. Our waterways acted as food source and livelihood while providing a venue for recreation and aesthetic enjoyment. Because of this, a deep respect for water and environment gripped me at an early age. My fascination with water continued to flourish as I grew and watched my hometown battle both natural and man-made disasters. I actively participated in coastal recovery efforts after many hurricanes and even the Deepwater Horizon oil spill. Truly sobering moments come when one is standing center-stage of a disaster realizing how something as seemingly endless as water becomes so quickly scarce. These firsthand experiences piqued my initial interest in water resources and conservation sparking many questions about spatio-temporal patterns in the realm of ecosystem services. These personal factors were a major influence on my decision to apply for enrollment in the Earth Sciences Department at the
592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592
Since I was fifteen I have always been drawn to answering important questions, engaging in meaningful discussions, and touching lives in intentional and personal ways. My favourite thing to do is disciple; engage in authentic conversations about life, relationships, and Jesus through a mixture of counseling, mentoring, and teaching. I have been intrigued by philosophy and theology since high school. Since then I did my undergraduate degree at Summit Pacific College, close to where I live so that I could help my family build our new house, while preparing to impact my world for Christ. At Summit, I earned a BA in Religion, with a major in Biblical Theology. In this major I took exegetical coursework, first year Hebrew and Greek, and was prepared for Graduate studies with a thesis course.
6. Suppose a potential customer wants to know the project’s profitability index (PI). What is the
The basic project is the design of a monthly newsletter with coupons for promotional items using the current customer demographic database. The project timeline is 9 months with a budget of $75,000. The majority of
As will be seen below, the cost to manufacture a single unit of the architectural windows is much greater than the standard window (note the negative contribution margin of the architectural windows). This is contrary to the volume-based method where standard windows were more expensive. Under ABC, It makes sense that the architectural window is more expensive as it is generally more labor-intensive, requires more direct material and consumes more fixed resources than its standard window counterpart. ABC is able to capture these costs by tracing the activities to the correct product. The following section will analyze the individual components of the income statement in further detail. What is realized is that cost information is severely distorted under volume-based allocation approach, leading Doug to make uninformed decisions. As it currently stands, architectural windows would be unable to bring the Texas plant into a profitable position.
‘’Cost performance on project s often poor, what are the possible causes of this and how can it be improved?’’
A: Well, the projects at ModMeters would be to rework the entire IT budget without sacrificing manufacturing’s money (department that brings in most money), they also need to prepare to expand globally with new equipment and expanding architecture, along with getting new programs that talk better with each other and a new website. They need to be prioritized by which makes the most money in the quickest amount of time. Businesses cannot afford to waste time because it is directly connected to their finances. And again, they need to be budgeted by what benefits the company most. If it’s the manufacturing department that is their huge moneymaker, than they need to continue to feed manufacturing with cash. The budget has to be built around what ModMeters successful.
Since Freshman year at Rowan University, I have aspired towards obtaining a higher education of graduate studies within the field of English Literature. Thus, I am applying to Rutgers University-Camden Masters in English program in the quest to realize my greatest career objective of pedagogy at the collegiate level. This Masters in English program will be the institution that sharpens my literary prowess and analytical writing methods.
I started my undergraduate career as a psychology major at UC Davis, where I was interested in understanding human behavior and identity formation. As I progressed in my studies, I became increasingly focused on collective memory--specifically, how we construct narratives to make meaning from our experiences. This trajectory led me to obtain bachelor’s degrees with both Film Studies and History.