Use the information below to create a cost spreadsheet for a short-course your development team offered to a small development team on project estimation. The spreadsheet should contain calculations on your company’s projected total costs, total revenues, and total profits. (10) You will charge $600 per person for a two-day class. • You estimate that 30 people will attend the class, but you want to change this input. • Your fixed costs include $500 total to rent a room for both days, setup fees of $400 for registration, and $300 for designing a postcard for advertising. • You will not include your labour costs for this estimate, but you estimate that you will spend at least 150 hours developing materials, managing the project, and giving the actual class. You would like to know what your time is worth given different scenarios. • You will order 5,000 postcards, mail 4,000, and distribute the rest to friends and colleagues. Your variable costs include the following: a. $5 per person for registration plus 4 percent of the class fee per person to handle credit card processing; assume that everyone pays by credit card b. $.40 per postcard for printing if you order 5,000 or more c. $.35 per postcard for mailing and postage d. $25 per person for beverages and lunch e. $30 per person for class handouts Be sure to have input cells for any variables that might change, such as the cost of postage and handouts. Calculate your profits based on each of the following numbers of people who might attend: 10, 20, 30, 40, 50, and 60. In addition, calculate what your time would be worth per hour based on the number of students. Try to use the Excel data table feature to show the profits based on the number of students. If you are unfamiliar with data tables, just repeat the calculations for each possibility of 10, 20, 30, 40, 50, and 60 students. Print your results on one page, highlighting the profits for each scenario and what your time is worth.
Answers
By following these steps, you will have a cost spreadsheet that calculates total costs, total revenues, and total profits based on different numbers of students attending the course. Additionally, you will be able to determine your time worth per hour.
1. Set up the spreadsheet:
Create a new Excel spreadsheet and label the columns as follows: Number of Students, Class Fee, Registration Cost, Credit Card Processing, Printing Cost, Mailing Cost, Beverage and Lunch Cost, Handout Cost, Total Variable Cost, Total Fixed Cost, Total Cost, Total Revenue, and Profit.
2. Input the fixed costs:
In the respective cells, enter the fixed costs:
Room Rental: $500
Setup Fees: $400
Designing Postcard: $300
3. Input the variable costs:
Calculate the variable costs based on the number of students attending. Use the following information:
Class Fee: $600
Registration Cost: $5 per person
Credit Card Processing: 4% of the class fee per person paying by credit card
Printing Cost: $0.40 per postcard (assuming you order 5,000 or more)
Mailing Cost: $0.35 per postcard
Beverage and Lunch Cost: $25 per person
Handout Cost: $30 per person
4. Calculate the total variable cost:
Total Variable Cost = (Registration Cost + Credit Card Processing + Printing Cost + Mailing Cost + Beverage and Lunch Cost + Handout Cost) * Number of Students
5. Calculate the total fixed cost:
Total Fixed Cost = Room Rental + Setup Fees + Designing Postcard
6. Calculate the total cost:
Total Cost = Total Variable Cost + Total Fixed Cost
7. Calculate the total revenue:
Total Revenue = Class Fee * Number of Students
8. Calculate the profit:
Profit = Total Revenue - Total Cost
9. Create a data table:
Use the Excel data table feature to calculate profits based on the number of students. Enter the number of students as input values and refer to the Profit cell as the result. This will generate the profits for each scenario.
10. Calculate your time worth per hour:
Determine the number of hours spent developing materials, managing the project, and giving the class. Divide the total cost by the number of hours to get the time worth per hour.
11. Print the results:
Print the spreadsheet, highlighting the profits for each scenario and the time worth per hour.
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Related Questions
What are the 4 types of credit cards?
Answers
4 Various Credit Card Types
Visa credit cards.Mastercard credit cards.American Express credit cards.Discover credit cards.Definition of a credit card What is the objective of it?A credit card is a type of payment that permits both consumer and business transactions, including as purchases and cash advances, when used virtually. A credit card usually serves as a substitute for money or checks and normally provides an unsecured revolving line of credit.
What benefits do credit cards offer?Advantages of credit cards
Earn rewards such as cash back or miles.the defense against credit card theft.Free information on credit scores.not a single foreign transaction fee.an expanded buying capacity.unconnected to a checking or savings account.putting a hold on a lodging or rental vehicle.Learn more about Credit Card: https://brainly.com/question/27350251
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information that you have provided to an organization that has the right to share it with other organizations is called
Answers
information that you have provided to an organization that has the right to share it with other organizations is called Public information.
Any information that an agency discloses disseminates, or otherwise makes accessible to the public is referred to as "public information," regardless of its shape or format.
Public information is a public relations strategy that tries to build trust between parties by being completely transparent and honest when sharing information about a business with its target audience. which offered a fresh perspective on corporate and commercial communication strategies.
Public information officers, also known as public relations officers, work for government agencies and major corporations to enhance their public image in the media or to offer crucial information in times of emergency.
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which type of damages would occur if the parties specify in advance the amount of losses or a formula
Answers
Answer:
it could damage the country
"drawing relevant examples from the extract, discuss
the leadership qualities of Steve Jobs and bring out how his
leadership embodies the nature and elements of leadership
Answers
Steve Jobs, the co-founder of Apple Inc., exhibited remarkable leadership qualities that contributed to his success and the transformation of Apple into one of the world's most valuable companies.
Firstly, Jobs demonstrated a visionary leadership style. He had a clear and compelling vision of creating innovative products that would revolutionize industries. For instance, his vision of a user-friendly personal computer led to the development of the Macintosh.Secondly, Jobs possessed strong passion and charisma. He had a relentless drive to pursue excellence and inspire others to share his vision. His charisma and persuasive communication skills motivated employees and stakeholders His leadership embodied several key elements.
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Which of the following are ways in which people can get an aptitude?
D born with it
buy it
O acquire it
borrow it
Answers
Answer:
born with it
Explanation:
hopefully it helps if not then I'm sorry
Answer:
Born with it & Acquire it
Explanation:
You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.
Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answers
Answer:
bias
Explanation:
bias is the true anwer
_______________ is the process that converts inputs into outputs that can be sold as goods and services.
Answers
Manufacturing is the process that converts inputs into outputs that can be sold as goods and services.
The process can range from a simple handcraft production of a single item to the mass production of thousands or even millions of products, where assembly lines and complex machinery are employed.
Manufacturing encompasses a wide range of processes, including designing, prototyping, fabricating, machining, finishing, and quality control.
Inputs to the process can include raw materials, components, subassemblies, and machines. Outputs are typically finished products that are sold to customers or used in other manufacturing processes.
Manufacturing is a crucial part of the economy and has played a significant role in the growth of industrialized nations. It employs a large number of people and generates substantial revenue.
The manufacturing industry is constantly evolving and adapting to new technologies, materials, and market trends to remain competitive.
Successful manufacturers must be able to balance cost-effectiveness with quality and innovation to stay ahead of the competition.
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what do you understand by 'business'?Explain it's characteristics.
Answers
Answer:
Business is an economic activity that involves the exchange, purchase, sale, or production of goods and services with a motive to earn profits and satisfy the needs of customers.
Explanation:
Businesses can be profit or non-profit organizations that function to gain profits or achieve a social cause.
Characteristics:
Economic activity: Business is an economic activity of producing and distributing goods and services.Buying and Selling.Profit MotiveCustomer satisfactionCreative and DynamicMary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?
Answers
Answer:
$65.60
Explanation:
Mary's current is $521.60.
In her new position, she will be earning $30,534.00. Her new weekly income will be as follows. Assuming one year has 52 weeks.
New pay = $30,534.00/ 52
New pay =587.20
In her new job, she will earn more by( $587.20 - $521.60.) =$65.60
=$65.60
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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sport directs and British Heart Foundation: mission, vision, and values.
Answers
Our British goal is to create a world without the worry of cardiovascular and Foundation circulation conditions. These illnesses destroy the hearts mission of millions of families and claim the lives of 1 in 4 people.
We intend to alter that. In order to permanently defeat sadness, we raise money for research into treatments and Foundation cures. According to the BBC's Royal Charter, its purpose is to act in the public interest mission while providing all audiences with objective, outstanding, and distinctive products and services that inform, educate, and amuse them. The British Heart Foundation Society seeks to promote the charity and raise funds for it.
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Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying to decide if they are both going to keep working. What disadvantage will they likely experience if they choose a single income option?
A.
They will have higher costs for childcare.
B.
They will have a greater amount of financial income.
C.
They will have less time to spend with their new baby.
D.
They will have less disposable income.
Answers
Answer: D
Explanation:
Answer: They will have less disposable income.
Retrenching to a narrower diversification base is Group of answer choices a strategy that allows a diversified firm's energies to be concentrated on building strong positions in a smaller number of businesses rather the stretching its resources and managerial attention too thinly across many businesses. Sometimes an attractive option for deepening a diversified company's technological expertise and supporting a faster rate of product innovation. A strategy best reserved for companies in poor financial state. An attractive strategy option for revamping a diverse business lineup that lacks strong cross-business financial fit. Usually the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth
Answers
Retrenching to a narrower diversification base is the most attractive long-run strategy for a broadly diversified company.
What is diversification?It should be noted that diversification simply means an investment strategy that's used to reduce risk in business.
In this case, retrenching to a narrower diversification base is the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth.
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Max and Heather bought a cute beachside bungalow six years ago. Their estate has no specified end date, and their heirs may inherit it. They have all the rights and privileges you can have in land. This is an example of _______ estate.
Answers
Answer:
joint tenancy
Explanation:
The question does not specify if Max and Heather are married, it only tells us that their heirs can inherit the estate. If they were married, generally joint tenancy is automatic, which means that both own the property. But joint tenancy can also happen if people aren't married. Maybe they are friends who decided to buy a beach house together, and they both own it and have the right to use it.
The document that outlines the duties and responsibilities of a salon or spa position is called __________
a. job description.
b. performance review.
c. employee evaluation form.
d. ticket.
Answers
The correct option is (a) job description.
The document that outlines the duties and responsibilities of a salon or spa position is called job description.
What do you mean by job description?
A job description is a practical document written in simple language that outlines the duties, responsibilities, tasks, and goals of a position. It describes who is responsible for performing a particular sort of work, how that work is to be accomplished, how frequently that work is required, and how it links to the mission and goals of the company.
Important company information, such as the firm mission and culture as well as any employee benefits, should be included in a job description. Additionally, the salary range and to whom the position reports may be mentioned. A good job description will give candidates enough information to decide whether they are qualified for the role.
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Unit sales of wearable, miniature action-capture cameras are reliably projected to grow.
Answers
The unit sales of a wearable and miniature action-capture cameras are reliably projected to grow about 6-8% annually for Years 6 - 10 and then to grow at a slower 4-6% annual rate during the Years 11 - 15.
What is the meaning of unit sales?Basically, a unit sales is best defined as the total sales in value divided by total sales in quantity such as earning per product. A typical company can forecast the future unit sales by multiplying the anticipated number of units to be sold by the unit selling price.
In accounting, on balance sheet, the unit sales represent the total sales of a product in a given period and the sales information is used to determine the price point to achieve profit per unit given the actual cost of production.
In conclusion, the unit sales help to determine the best price point for a product given the cost to manufacture and are often examined over different accounting periods such as monthly, quarterly, or yearly.
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If we use future value rather than present value to decide whether t make an investment: A) we will make the same decision using either future value or present value. B) we will make a bad decision, since the future value will always be lower if the discount rate is positive. C) we will make a bad decision, since the future value will always be higher if the discount rate is positive D) There is not enough information given to answer the question.
Answers
C) we will make a bad decision, since the future value will always be higher if the discount rate is positive.
Future value represents the value of an investment at a future point in time, while present value represents the value of the investment at the current time. By using future value instead of present value to make an investment decision, we ignore the time value of money, which is the concept that money is worth more in the present than in the future. This means that a dollar today is worth more than a dollar tomorrow, due to factors such as inflation and the potential to earn interest.
Therefore, using future value instead of present value can lead to bad investment decisions, since we are not taking into account the time value of money.
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5. When might a company decide that it needs to hire a human resource professional?
Answers
Answer:
See Below
Explanation:
Below are a few reasons why a business might consider hiring a trained HR officer
It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.
When a company is growing or expanding rapidly, it requires to employ more people. No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.
If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate. A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.
Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on the company’s stock is 12 percent, what will a share of stock sell for today?
Answers
Answer:
$61.29
Explanation:
Calculation for what Storico Co. Share of stock will sell today.
Since we have a stock that has a normal growth in which the dividend growth changes every year for the first four years. We can therefore find the price of the stock in Year 3 because the dividend growth rate is constant after the third dividend, which means the price of the stock in Year 3 will be the dividend we are going to use in Year 4, we shall then divide it by the required return less the constant dividend growth rate.
Therefore the price in Year 3 will be calculated as :
P3= $3.15(1.20)(1.15)(1.10)(1.05) / (.12 – .05)
P3= $5.020785/0.07
P3=$71.72
Let find the price of stock today using the PV of the first three dividends in addition with the PV of the stock price in Year 3:
Hence,
P0= $3.15(1.20)/(1.12) + $3.15(1.20)(1.15)/1.12^²+ $3.15(1.20)(1.15)(1.10)/1.12^³+ $71.72/1.12^³
P0=$3.78/1.12+$4.347/1.2544+$4.7817/1.404928+$71.72/1.404928
P0=$3.375+3.465+3.4035+$51.048
P0= $61.29
Therefore if the required return on the company’s stock is 12% what the share of stock will sell for today will be $61.29
what can we infer about the salesman from baltimore
Answers
Answer:
That he is a salesman
Explanation:
Answer:
He believes that working with others is a smart business move.
Explanation:
Got a 100 ill post the other three
In the context of process design, is defined as the ability to produce the right types and amounts of products as customer demand or preferences change.
A. flexibility
B. throughput
C. utilization
D. outsourcing
Answers
Flexibility is an important concept in process design, as it is the ability to quickly adapt to changing customer demands or preferences.
This is especially important in today’s rapidly changing market, where customer tastes are constantly shifting and product cycles are becoming shorter.
Flexibility can be achieved through a variety of methods, including the use of modular production systems, the ability to switch between different production processes, and the ability to quickly respond to new customer requests.
By having the flexibility to quickly adjust to changing customer preferences, businesses can remain competitive and better meet customer needs. Additionally, flexibility can help reduce costs by allowing businesses to more easily adjust to changes in production demand.
In this way, businesses can save money by not having to invest in new equipment or processes for every new customer demand. By incorporating flexibility into process design, businesses can better respond to customer needs and remain competitive in today’s ever-changing market.
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spring clean, sparkle glass, and dazzle floor are various cleaning liquids marketed under the brand name clean homes. therefore, clean homes is a(n)
Answers
Spring Clean, Sparkle Glass, and Dazzle Floor are various cleaning liquids marketed under the brand name "Clean Homes." Therefore Clean Homes" is a brand name or a brand that offers a range of cleaning products.
A brand is a name, term, design, symbol, or other feature that distinguishes a product or service from its competitors. By using a brand name, companies can create an identity and reputation for their products or services, and differentiate themselves from their competitors in the marketplace. The Clean Homes brand name suggests that the products offered are designed to provide a clean and sparkling home.Brand names are an essential aspect of marketing, and they serve as a valuable tool for companies to build customer loyalty and increase brand awareness. Companies often spend significant resources on developing and promoting their brand names, as they can significantly impact customer perception and purchasing decisions.
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Spring clean, sparkle glass, and dazzle floor are various cleaning liquids marketed under the brand name clean homes. therefore, clean homes is a cleaning. A brand is anything that sets a product or service apart from its rivals.
Various cleaning solutions sold under the name "Clean Homes" include Spring Clean, Sparkle Glass, and Dazzle Floor. As a result, "Clean Homes" refers to a company that sells a variety of cleaning supplies. A brand is anything that sets a product or service apart from its rivals, including names, terms, designs, symbols, and other features.
Companies can distinguish themselves from rivals in the market by adopting a brand name to build an identity and reputation for their goods or services. The products under the Clean Homes brand name are ostensibly made to give a spotless house.Brand names are a crucial component of marketing and a useful tool for businesses to develop consumer loyalty and raise brand awareness. As brand names have a substantial impact on consumer perception and purchasing behaviour, businesses frequently invest significant resources in creating and promoting them.
Complete question:
spring clean, sparkle glass, and dazzle floor are various cleaning liquids marketed under the brand name clean homes. therefore, clean homes is a__________.
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while many projects may have a primary deliverable such as a new house, almost all projects have additional deliverables such as training, documentation, and customer support to help the customer use the product or service effectively. a)true b) false
Answers
The given statement is True. Almost all projects have additional deliverables such as training, documentation, and customer support to help the customer use the product or service effectively. These deliverables are important for ensuring customer satisfaction and can be considered as part of the overall support provided to the customer.
Consumers are considered as the king of the market.
Training, documentation, and customer support to help the customer use the product or service effectively. These deliverables are important for ensuring customer
One happy customer will create many new customers.
One dissatisfied customer will take out many customers with Word of Mouth.
Supporting the customer through Email:
Customer learning is the primary function of Email marketing.
Customers have all the information about the shopping on the handsets which is easy to grab the information.
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A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.
Answers
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
____ provides an opportunity to gain new information, consider alternatives, develop better solutions to problems, enhance team building, and learn.
Answers
The answer to the blank question is CONFLICT.
What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answers
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
Which terms describe costs that are incurred regardless of a firm’s rate of production?
Answers
Fixed cost and overhead describes costs that are incurred regardless of a firm’s rate of production
What are the costs?Generally, Fixed costs are expenses that are incurred regardless of a firm's rate of production. They are costs that do not vary with changes in the volume of goods or services produced. Examples of fixed costs include rent, salaries, and insurance premiums.
Variable costs, on the other hand, are expenses that vary with the firm's rate of production. These costs are directly tied to the volume of goods or services produced and will increase or decrease as the production rate changes. Examples of variable costs include raw materials and direct labor.
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PLEASE HELP ASAP
Last year, $3,155.24 was withheld from your pay for federal taxes. When you calculate the amount of federal tax you owe, it comes to $2,791.80. What does this mean?
A.You must pay an additional $363.44.
B.The remaining $363.44 will be applied to your state taxes.
C.You have lost $363.44.
D.You will get $363.44 refund from the government.
Answers
The fact that your federal taxes paid were more than you calculated means that D.You will get $363.44 refund from the government.
What happens when we overpay taxes?When a person pays too much in taxes, the Internal Revenue Service can be able to give you a refund for the amount that you overpaid.
In this case, that amount would be:
= 3,155.24 - 2,791.80
= $363.44
To get the refund, you would have to fill in your annual tax returns and the Internal Revenue Service would find the refund.
In conclusion, you can expect a tax refund of $363.44 from the government.
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Answer:
D. You will get $363.44 refund from the government.
Explanation:
connexus
jeff's pretzels is a small but well-known company that receives thousands of job applications every year, though it only fills about 50 positions annually. joel's human resource practices are one of the driving factors that attract potential employees. joel's pretzels is an example of:
Answers
Jeff's Pretzels is a small but well-known company that receives thousands of job applications every year, though it only fills about 50 positions annually. joel's human resource practices are one of the driving factors that attract potential employees. Joel's pretzels are an example of: an employer of choice
What is an employer of choice?Generally, In addition, according to Higgs, the purpose is not just doing something worthwhile and working for an organization you believe in, but it is also inextricably tied to the quality of one's work.
"In addition to having a purpose that goes beyond making a profit, one of the factors that make an employer of choice is employment that has meaning."
Although it only hires for roughly fifty jobs each year, despite being a very tiny business, Jeff's Pretzels gets thousands of job applications each year despite the fact that it is rather well-known.
The way that Joel handles human resource matters is one of the primary attractions for anyone who could be interested in working with him. Employer of choice is an example that can be seen with Joel's Pretzels.
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CQ
jeff's pretzels is a small but well-known company that receives thousands of job applications every year, though it only fills about 50 positions annually. joel's human resource practices are one of the driving factors that attract potential employees. joel's pretzels is an example of:......
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.