Preliminary plans are under way for the construction of a new stadium for a major league baseball team. City officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations andselected individuals may buy the boxes for $320,000 each. The fixed construction cost for the upper deck area is estimated to be $5,760,000, with a variable cost of $160,000 for each box constructed.(a) What is the break-even point for the number of luxury boxes in the new stadium?X =(b) Preliminary drawings for the stadium show that space is available for the construction of up to 48 luxury boxes. Promoters indicate that buyers are available and that all 48 could be sold if constructed.(1) What is your recommendation concerning the construction of luxury boxes?O Build the luxury boxes.O Do not build the luxury boxes.(ii) What profit is anticipated (in dollars)? (Enter a negative value if a predicted loss.)$

Break-even refers to the point at which a business or project generates enough revenue to cover all…

Answered: (a) What is the break-even point for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Preliminary plans are underway for construction of a new stadium for a major league baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,000. The fixed construction cost for the upper-deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed. a. What is the breakeven point for the number of luxury boxes in the new stadium? b. Preliminary drawings for the stadium show that space is available for the construction of up to 50 luxury boxes. Promoters indicate that buyers are available and that all 50 could be sold if constructed. What is your recommendation concerning the construction of luxury boxes? What profit is anticipated?
How do I do this problem?
What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL TIME (DAYS) CRASH TIME (DAYS) 5 4 ACTIVITY Design (A) Wiring (8) Chip install (C) 7 5 3 4 7 2 2 4 NORMAL COST 300 900 500 CRASH COST 1,100 1,200 350 975 575 Software (D) Testing (E) The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $1,875 (enter your response as a whole number). IMMEDIATE PREDECESSOR(S) 1,300 1,650 A, B с
Stinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price $1,220 per unit; variable costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? Pls don't copy answer i give up vote
V what is feasibility Report ?Define when and why we need it And also define who prepare this document.
Explain the term Crash Project?
CASE: Ventura Baseball Stadium The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on June 10, 2019, and be completed in time for the start of the 2022 season. A penalty clause of $500,000 per day of delay beyond April 3rd is written into the contract. Percival Young, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $5 million on the project. He also said that if they were successful, the prospects of future projects would be bright, since there is a projected renaissance in building classic ball parks with modern luxury boxes. ASSIGNMENT Given the information provided in Table 6.3, construct a network schedule for the stadium project and answer the following questions: Can the project be completed by the April 3rd deadline? How long will it take? What is the critical path for the project? Based on the schedule, would you recommend…
CASE: Ventura Baseball Stadium The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on June 10, 2019, and be completed in time for the start of the 2022 season. A penalty clause of $500,000 per day of delay beyond April 3rd is written into the contract. Percival Young, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $5 million on the project. He also said that if they were successful, the prospects of future projects would be bright, since there is a projected renaissance in building classic ball parks with modern luxury boxes. ASSIGNMENT Given the information provided in Table 6.3, construct a network schedule for the stadium project and answer the following questions: Whether the Shoreline Stadium project will be completed on time. What the critical path for this project is. Whether you would recommend G&E pursue this contract?
ABC Company has several branches within the city. One of its branches is suffering from declining sales, andmanagement has a range of options:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Undertake a cheaper renovationIn the past, 2/3 of renovation have achieved good results, while 1/3 achieved poor results. The major renovationwill cost P4M. Estimates of outcomes are as follows:a. Good results: P13.5M profitb. Poor results: P6.5M profitOn the other hand, there is a more economical renovation option that costs P2M. Estimates of outcomes areas follows:a. Good results: P8.5M profitb. Poor results: P 4M Required: Prepare a decision tree and recommend what action would be taken:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Choose the economical option
The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on Jan 01 2022, and be completed in time for the finals of the 2024 season. A penalty clause of $250,000 per week of delay beyond October 1st, 2024 is written into the contract. George Earnings, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $3 million on the project. He also said if they succeed, the prospects of future projects are bright since there is a projected renaissance in building classic ballparks with modern luxury boxes. ID Activity Duration Predecessor(s) 1 Baseball Stadium 2 Clear stadium site 70 days — 3 Demolish building 30 days 2 4 Set up construction site 70 days 3 5 Drive support piling 120 days 4 6 Pour lower concrete bowl 120 days 5 7 Pour main concourse 120 days 6 8…
MOORE HOUSING CONTRACTORS Moore Housing Contractors is negotiating a deal with Countryside Realtors to build six houses in a new develop- ment. Countryside wants Moore Contractors to start in late winter or early spring, when the weather begins to moder- ate, and build on through the summer and into the fall. The summer months are an especially busy time for the realty company, and it believes it can sell the houses almost as soon as they are ready, and maybe even before. The houses all have similar floor plans and are of approximately equal size; only the exteriors are noticeably different. The comple- tion time is so critical for Countryside Realtors that it is insisting that a project management network accompany the contractor's bid for the job, with an estimate of the comple- tion time for a house. The realtor also needs to be able to plan its offerings and marketing for the summer. It wants each house to be completed within 45 days after it is started. Activity b C d f 8 h i j k…
The Peabody Coal Corporation recently completed the final feasibility report for a new general ledger accounting system. It has hired a consulting firm to program and install the new system. The consulting firm is charging $350,000 for the remaining tasks to be performed. These tasks are to be performed over the next 10 months as detailed in the Gantt chart in the diagram. The consulting firm is extremely concerned with the project staying on schedule because it is receiving a flat fee. The release of the final payment is contingent upon the system performing as stated in the contract and upon Peabody receiving appropriate documentation of the system.Requireda. Prepare a PERT diagram and indicate the critical path.b. What happens to the time frame of the implementation of the project if the manufacturer is 4 weeks late shipping the hardware?c. What happens if the data conversion does not go smoothly and takes an additional 3 weeks? d. Who should conduct the postimplementation review?…

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