Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Prescott Furniture Company Instructions: Using Palisades Precision Tree software create a tree that graphically shows the various options open to customers of the Prescott Furniture Company . You must import your Precision Tree into a Word document that contains the NSU/SBE front page. Be sure to explain what you did to solve this problem, and explain what a decision tree is and what the solution is for each of the various branches. There is a maximum of 10 points available for this opportunity. The Problem Walt (Hutch) Woods is the owner and main furniture maker at the Prescott Furniture Company (located just behind the K-Mart on route 52) in Prescott Florida. The company has been in business for over 15 years producing some of the finest examples of curio cabinets available in the Southeast US. Hutch makes two sizes of cabinets; the regular size is about 10 inches smaller in width than the large size cabinet seen on the right. The company uses only three types of woods, Miami Dade Pine, pecan, and red cherry to make their cabinets. The Miami Dade Pine is only finished in natural wood, but the pecan and red cherry woods can be finished in either a matte finish or a glossy finish which both cost the same. Walt (Little Hutch) Woods Walt's son, Little Hutch, is a senior at Prescott High School where he has been taking as many business courses and wood working classes as he can. Because he is planning on graduating at the end of this semester, his dad hopes that he will continue his studies at PC and work part-time at his furniture shop. In order to help Little Hutch out he has asked you to create a decision-tree that explains the various options open to customers. Over the past years Walt has been keeping track of the preferences that his customers make when ordering a cabinet, and he has provided you with a table that shows the percentages and costs of each item for you to use in your decision tree. Your task You are to take this information and beginning with a purchase/don't purchase decision node create a Precision Tree that shows Little Hutch the possible options open to the customer, and find the final ending price for each option. NOTE: You must also include the state of Florida sales tax and Prescott County sales tax cost. Together they total 7.25% of the total sale. You may have to calculate this by hand in your decision tree. The Furniture Options The following are the options open to customers of the company. Prepare a Precision Tree graphically showing these options, percentages and costs. Import this tree into a Word document and explain your answers in the Word document. Prescott Furniture Company - Cabinet Options Chart Type of Wood Finish - Natural Finish - Matte Finish Glossy % of people selecting this option Cost of Cabinet with this option Miami Dade Pine Small Cabinet X 8% $4,500 Large Cabinet X 14% $5,250 Pecan Small Cabinet X X 17% $3,500 Large Cabinet X X 20% $3,750 Cherry Wood Small Cabinet X X 20% $2,000 Large Cabinet X X 21% $2,500 Be sure to also include the following table in your finished work project. • Assume that Walt will have 135 customers in the coming year, and that each one will order one of the above cabinets in the same percentage indicated, how much is his expected income (gross) and how much will he pay in state and local sales taxes? Table 1. Estimated Income Type of Wood Estimated Income Estimated Sales Tax Total Income Miami Dade Pine Pecan Cherry Wood
Illustrate what is your overall rating of your new vehicle? A 10 point scale ranging from 1 for unacceptable to 10 for truly exceptional was used.
Rank risk management in significance among the previous planning elements of budgeting, resourcing, scheduling. WBS and scope planning, Justify the ranking.
Pick a current or a past president of the United States evaluate his performance against the leadership characteristics discussed in the text.
Show the organizational knowledge - Explain what type of framework would you propose for the management of organizational learning
Identify the nine main sections of a Business Plan, as stated in the SBA site and in your own words write a brief explanation of the information found in each.
What is transformational leadership and how can it help implement organizational culture change?
How is the decision-making process affected by a business's strategy? Give an example of a decision faced by a business.
Mercedes fell while trying to cross a 6-inch-deep stream while the tour group was on a walking tour to see hippopotami in a river at a game reserve. In the process, she injured her left ankle also foot. She sued Samuelson for damages. Is Samuelson..
To address this, calculate: The cash flows in year 0, the net initial investment (NINV). The operating cash flows (OCF) in years 1 - 3.
Explain how will you create a dealer network for the car? Explain how will the dealer network enable you to effectively reach your target market?
Consider these methods for performance appraisal- trait methods, behavioural methods and results methods. Choice an industry or organization that has many occupational positions within it such as the retail industry the transportation industry as ..
How may an entrepreneur determine a business venture's success? Explain components of conducting a feasibility analysis. What element do you feel is most important? Provide examples to support your rationale.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd