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lyudmila [28]
3 years ago
13

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to

produce the slides for an eight-session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract, it appears the effort will be substantial, running 50 hours for the first session. Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session. The finder will pay you a flat fixed rate per session. If your nominal profit margin is 20 percent, what will be the total bid price, the per session price, and at what session will you break even
Business
1 answer:
butalik [34]3 years ago
5 0

Answer:

Answer is explained in the explanation section below.        

Explanation:

To figure out the total bidding price, we must first figure out the total cost of all eight sessions.

To calculate the total expense, we must first determine the total number of hours required for each of the eight sessions.

Now that we know the learning rate is 85% and the first session took 50 hours, we can look up the coefficient of 8 under 85% in the learning curve table E3 and calculate it by the time spent on the first session. The average time taken for 8 sessions with an 85 percent learning curve would be the result.

Total time taken for 8 sessions = 50 x 5.936 (coefficient of 8 under 85% learning rate) = 296.8 = 297 hrs

Fixed cost = 600 x 8 = $4800

Variable cost = 100 x 297 = $29700

Total Cost = 29700 + 4800 = $34500

Total bid price = 34500 x 1.2 = $41400 (adding 20% profit margin on cost)

Price per session = 41400 / 8 = $5175

Break Even Session = 34500 / 5175

Break Even Session = 6.67

Hence, the total cost will be covered by the 7th session.

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Thirty years ago, the original owner of Greenacre, a lot contiguous to Blueacre, in fee simple, executed and delivered to his ne
sineoko [7]

Answer: Son's argument should fail

Explanation:

The son's defense will fail because the location of the easement is not governed by reasonableness as it had been established at its current location by the neighbor.

It can not now be changed arbitrarily by the son because the original owner had allowed it to be built. The easement's location is therefore established by actions between the original owner and the neighbor and so it is a binding location.  

7 0
3 years ago
Mugs Café sells 1000 cups of coffee per week if it does not advertise. For every $50 spent in advertising per week, it sells an
Zepler [3.9K]

Answer:

1,300 cups

Explanation:

This can be solved as follows:

Question "a"

y = a + bx ................................................. (1)

Where,

y = number of cups of coffee sold per week

x = number of times b is multiplied based on the amount spent on adverts

amount spent on advertising per week

a = fixed cups of coffee per week without advertising = 1,000 cups

b = extra quantity sold when $50 is spent on advertisement = 150 cups

If the available figures above are substituted into equation (1), we will have the linear function as follows:

y = 1000 + 150x ................................................. (2)

Equation (2) is the linear function required.

Question "b"

If $100 per week is spent on advertising, we can get X by dividing it by $50 as follows:

x = $100 ÷ $50 = 2

Substituting 2 for x in equation (2), we can calculate y as follows:

y = 1000 + 150(2)

  = 1000 + 300

  = 1,300 cups.

Therefore, 1,300 cups of coffee are expected to be sold per week by Mugs Café if it spends $100 per week on advertising.

I wish you the best.

8 0
3 years ago
Boston Lager is one of several beers produced by Boston Beer, which also produces Samuel Adams beer. Consider the events below t
kaheart [24]

Answer: Please refer to the explanation section

Explanation:

The question incomplete we are required to differentiate events that will shift the demand curve of Boston Lager to the left and events that will not shift the demand curve but the events are not provided in the question. however because it is clear what the question requires i will list Events that cause a shift in the demand curve and events that will not shift the demand curve.

events that will shift the demand curve of Boston Lager to the left

  • Decrease in the price of Beer produced by Samuel Adams (competitor).
  • Household income decrease
  • Government raising the Tax on alcohol

events that will NOT shift the demand curve of Boston Lager

  • Change in Price charge by Boston Lager. a change in the price of beer charged by Boston Lager will cause a Change in quantity of beers Demand which will be indicated by a movement along the demand curve but will not shift the demand curve

3 0
3 years ago
To bridge the gap between a database and the Internet, it is necessary to use _____, which is software that integrates different
denis-greek [22]

Answer:

The correct answer is middleware.

Explanation:

The term middleware refers to a software system that offers common services and functions for applications. In general, middleware is responsible for data management, application services, messaging, authentication and API management.

Help developers design applications more efficiently. In addition, it acts as a guiding thread between applications, data and users.

In the case of companies with container and multicloud environments, middleware can make profitable the development and execution of applications at scale.

7 0
3 years ago
Potomac Corporation wants to sell a warehouse that it has used in its business for 10 years. Potomac is asking $450,000 for the
Ivanshal [37]

Answer:

Potomac Corporation will realize $450,000 with the sale of the warehouse

Explanation:

To determine how much money Potomac Corporation realized with the sale of the warehouse we can use the following equation:

money realized = sales price of warehouse +  mortgage assumed by buyer

money realized = $325,000 + $125,000 = $450,000

5 0
3 years ago
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