{"id":32594,"date":"2022-02-13T19:00:38","date_gmt":"2022-02-13T19:00:38","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/mangement-1010-management-homework-help\/"},"modified":"2022-02-13T19:00:38","modified_gmt":"2022-02-13T19:00:38","slug":"mangement-1010-management-homework-help","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/mangement-1010-management-homework-help\/","title":{"rendered":"Mangement 1010 | Management homework help"},"content":{"rendered":"<div>\n<p>\u00a0<\/p>\n<p>Managers \u00a0use tools like the Break-Even Analysis in both the planning \u00a0and \u00a0controlling functions of Management. In this assignment, you&#8217;ll \u00a0practice \u00a0using the Break-Even formula to help Ryan determine when his \u00a0business \u00a0will begin to turn a profit.<\/p>\n<p>Instructions:<\/p>\n<p>Using the information from the Learning Module 2, calculate the \u00a0\u00a0break-even point in each of the scenarios.\u00a0 Provide a response to the \u00a0\u00a0questions in the conclusion. \u00a0<em>Be sure to use either Word or Excel and to show your work<\/em>.<\/p>\n<p><strong>Scenario 1<\/strong><\/p>\n<p>After receiving bad service at the local car wash, Ryan has decided \u00a0\u00a0to start VDB Detailing!\u00a0 One of his first decisions when planning his \u00a0\u00a0business &#8211; he needs to calculate the number of vehicles he will need to \u00a0\u00a0detail before breaking even.\u00a0 His uncle has offered to let him use a \u00a0\u00a0small section of his shop for only $300 per month. Ryan is going to pay \u00a0\u00a0his friend, Gabe, $10\/hour to help him. He has estimated his \u00a0additional \u00a0expenses and other details to be the following:<\/p>\n<ul>\n<li>Insurance $200\/month<\/li>\n<li>His share of monthly utilities $95<\/li>\n<li>Wax $2.00<\/li>\n<li>Towels, soap, and other supplies $3.50\/vehicle<\/li>\n<li>Leasing of equipment $100\/month<\/li>\n<li>Marketing $105\/month budgeted<\/li>\n<li>He estimates that it will take him 4 hours to detail a vehicle if \u00a0he \u00a0has help from his friend (Hint: how much is this total per car?).<\/li>\n<li>He plans to charge $120 per vehicle.<\/li>\n<\/ul>\n<p>Question #1\u00a0&#8211; How many vehicles does Ryan need to detail each month to break even? \u00a0\u00a0<\/p>\n<p><strong>Scenario 2<\/strong><\/p>\n<p>Ryan is now considering leaving his full-time job to grow his business but does not want to lose his salary.<\/p>\n<p>Question #2\u00a0&#8211; If he decides to pay himself $2000 per month how many \u00a0\u00a0cars does he have to detail in a month now to break even? Assume all \u00a0\u00a0other figures remain constant from scenario 1.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>Are these numbers attainable? Please explain. List two suggestions \u00a0\u00a0you could give Ryan that would affect his break even point in a \u00a0\u00a0favorable manner, using the Break-Even Formula to justify them.<\/p>\n<p><em>Responses copied from an internet source, out of the text, or \u00a0\u00a0from homework sites earn no credit, as they are a violation of College \u00a0\u00a0Academic Integrity Policy.\u00a0<\/em><\/p>\n<p><em>File formats accepted for this assignment are .doc, .docx, xls, \u00a0\u00a0.xlsx, or .pdf only.\u00a0 Be sure to verify your submission has been \u00a0\u00a0uploaded!<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Managers \u00a0use tools like the Break-Even Analysis in both the planning \u00a0and \u00a0controlling functions of Management. In this assignment, you&#8217;ll \u00a0practice \u00a0using the Break-Even formula to help Ryan determine when his \u00a0business \u00a0will begin to turn a profit. Instructions: Using the information from the Learning Module 2, calculate the \u00a0\u00a0break-even point in each of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-32594","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/32594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=32594"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/32594\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=32594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=32594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=32594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}