credit
- This assignment is for 25 points of extra credit. It will show as a regular assignment in the grade book and the percentage score for 1 point – but it is worth 25. This is done to help keep the percentages in the grade book accurate.
- All assignments must be submitted as an attachment using Microsoft Word (not Works) or Rich Text Format (.rtf) files, through Canvas. If you cannot do this contact me well before the due date.
- The subject line of your attachment needs to read: BA120 (your name) Assign2. For Example, if John Smith were turning in assignment #2 his email subject line would be: BA120 Smith Assign3
- Submit all work through Canvas.
To download the assignment as a Word Document, .
Read the following scenario and complete the questions and tasks below.
Brad Winston is the owner and operator of Fishing Unlimited, a charter fishing business operated out of Oregon Inlet, NC. Brad has been taking groups of guests offshore to fish for tuna and marlin for over 15 years. He purchased his current fishing boat when he started the business, but now believes that a larger and better outfitted vessel would allow him to increase the rate he charges per charter. Currently he can carry a maximum of 6 guests while the larger boat will carry up to 8. The larger boat would also require him to take 2 deck hands on each outing, providing better service to his customers. Cost data for Brads business is shown in the table below.
Fishing UnlimitedAnnual straight-line depreciation on boat $ 8,300
($175,000 original cost $90,000 estimated resale value/20 years)
Fuel Cost (per hour) $ 50Insurance Premium (annual) $ 1,900Maintenance and Repairs (annual) $ 3,500Fishing Tackle and Gear (original cost) $ 7,000Tackle and Bait (per guest) $ 20Deck Hand wages (per hour) $ 20Dock Fees (annual) $ 2,400Captains License (annual) $ 200Food and Beverages (per guest) $ 25Professional Fees (per year) $ 750Dock Utilities (annual) $ 1,200
Brad has someone interested in purchasing his existing boat for $80,000. He could use this cash as a deposit on the new boat which will cost him $225,000. His banker estimates the payments on the new boat will be about $1,500. The new boat is more fuel efficient and he believes he can cut his fuel costs by 10% but the more expensive boat will increase his insurance premium by 12%. He is also concerned that he will have to change to a larger boat slip which would increase his dock fees by 5%. The good thing about the new boat is that he should save on maintenance and repairs, at least for the first 3 years. The only other expense Brad would incur with the new boat is adding some additional fishing tackle and gear to accommodate larger parties that he estimates would cost him about $1,500.
His fees for both the old and the new boat are as follows:
Old BoatNew Boat4 hours $ 550 $ 6006 hours $ 650 $ 700Full Day (9 hours) $ 1,100 $ 1,200
Questions:
- Which costs are relevant to Brads decision to purchase a new, larger boat?
- If Brad decides to purchase a larger boat, what costs will be affected by this decision? Will they increase or decrease?
- Identify any unavoidable costs associated with the operation of Fishing Unlimited.
- Calculate the revenue generated by a 6-hour trip with the old boat (6 guests) and the new boat (8 guests) and compare the two figures. Identify the costs that changed. What conclusion can you draw based on your analysis?
Hint: Your best first step will be to list the current costs and then make adjustments for a list of new costs with the new boat. I suggest doing the side by site analysis in word or excel. Take your time. this is not hard but it is a process with no short cuts
Get Your Paper Before the Deadline. Our Services are 100% private and Confidential
Useful Links That Will Help You Around
Link to new order https://studentsolutionsusa.com/orders/stud/new
link to login page https://studentsolutionsusa.com/orders/login
New user registration link https://studentsolutionsusa.com/orders/register
Forgot Password https://studentsolutionsusa.com/orders/forgot/password
FREQUENTLY ASKED QUESTIONS
Question: How does this work?
Answer: Good Question. We are a group of a freelance board of students and professional essay writers. At our website, you may get help with any type of academic assignments: essay, coursework, term paper, business plan, case study, article review, research paper, presentation, and speech. Top writers can help with complex assignments such as dissertations, thesis papers, etc. All of them are professionals possessing excellent knowledge in their field of expertise, perfect writing skills, quality, and speed. When you place an order on our website, we assign it to the best writer. Once the writer finishes the work, the paper is submitted to our quality assurance desk who go through it and ensure it is unique and plagiarism free and that the instructions were followed to the detail. After this step we upload the paper in your account, we also send a copy to the email that you used to register the account with. we can guarantee you that the paper will be 100% plagiarism free. Besides, our services are 100% private and confidential
Question: How do I place an Order after getting to the order page
Answer: There are three major steps in the ordering process
Step 1 ....................................................paper details In this step, you will fill in the instructions of your paper; you can upload any materials that you feel will make your assignment a success. Besides, you can also email us at [email protected] Remember to specify the correct academic level. Please note that sources mean the number of references.
Step 2...................................................... Price calculation Kindly specify the number of pages, type of spacing and the correct deadline. This step will give you the estimated cost minus discount -- you may add the extra features if you wish.
Step 3 ....................................................discount and payment Use the discount code HAPPY2018 to enjoy up to 30% discount of your total cost After this step, proceed to safe payment; you can checkout using your card or PayPal Please note we will send the complete paper to the email you will provide while registering. A copy will also be uploaded to your account
Question: How will I know when my paper is complete? or How will I get the complete Paper?
Answer: Once we are done with the paper, we will be uploaded to your account. A copy will also be sent to the email you registered with. We can guarantee you the following:- 1. Our service is private and confidential; we don't spam or share your contacts with anyone 2. The final paper will be plagiarism free. We will send a Turnitin Report to the email you registered with 3. At our company, willing to do free unlimited revisions until you are satisfied with your paper
Question:- Am a new client, How can I get the guarantee that the paper will be completed and sent to me before my deadline?
Answer: Thank you for expressing your concerns. We would love to have you as our loyal customer. We are certain if we do good work, you will come back for me. Besides, you will give us referrals to your friends and family. For that reason, we can’t fail to deliver your paper within your specified time frame. We will ensure we submit the paper on time so that you can have enough time to go through it, if you have problems with the paper delivered, you can request a free revision. You are entitled to as many revisions as you would wish until you get a paper that satisfies you
Useful Links That Will Help You Around
Link to new order https://studentsolutionsusa.com/orders/stud/new
link to login page https://studentsolutionsusa.com/orders/login
New user registration link https://studentsolutionsusa.com/orders/register
Forgot Password https://studentsolutionsusa.com/orders/forgot/password
