Assignment 6 | Human Resource Management homework help

 

Skill Building exercise 6A is an exercise (page 220) on the Pert Chart.  This is one of the more common and useful tools used in business.  Without prior exposure, the first time most people see it they will need some clarification to understand all that it represents.  While business and managers use many tools, one of the most common and useful is the Pert Chart.  Build the Pert Chart described in your textbook and attach it to this assignment along with the answers to the two questions in the Break Even analysis based on the problem as outlined below.

Break Even Analysis:

On a recent vacation trip to Juarez, Mexico, you noticed a small store and street vendors selling original art. The prices ranged from $3 to $25 U.S. A flash of inspiration hit you, why not sell Mexican art back home in the U.S. using a van as your store?  Every three months you could drive the 350 miles to Mexico and load up on art.  You anticipate that you could negotiate generous large-quantity discounts from the Mexican vendors.

Back in the U.S., you could park your van on busy streets or nearby parks, wherever you could obtain a permit. You think the only advertising needed would be to display the art outside the van.  Your intention is to operate your traveling art sale about 12 hours per week.  If you can make enough money from your business, you could attend classes full time during the day.

You intend to sell the original painting at an average of $15 a unit.  Based on preliminary analysis, you have discovered that your primary fixed costs per month would be: $500 for payment on a van, $125 for gas and maintenance, $50 for insurance, and $45 for a street vendor’s permit. You will also be driving to Mexico every three months at $400 per trip, resulting in a $133.33 per month travel cost. Your variable costs would be an average of $5 per painting and 45 cents for wrapping each painting in brown paper.

Question 1: How many paintings will you have to sell each month before you start to make a profit?
Question 2: If the average cost of your paintings rises to $8, how many pieces of art will you have to sell each month if you hold your price to $15 per unit?

• Make sure that you provide your calculations along with your answer (with proper units). If you work out the answer without the text’s formula, go back and work through the problem again using it. You need to show your work so that the instructor can clearly see you can run the problem.

*Submission: Your solutions must be submitted attaching a word document in the Assignment 6 link (in either a .doc or .docx format).







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more