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ANSWER THIS AND I WILL GIVE A THUMBS UP!!!!!!!!!!!!! Requlred Information Lab 1.1 Alternate: Assessing Profitability of a Mowing Business [The following information applies to

ANSWER THIS AND I WILL GIVE A THUMBS UP!!!!!!!!!!!!!

image text in transcribed Requlred Information Lab 1.1 Alternate: Assessing Profitability of a Mowing Business [The following information applies to the questions displayed below.] Lab Insight: Apply the same steps in Lab 1.1 to the Lab 1.1 Data.xlsx data set with two modifications. The same scenarios exist as before, with labor costing either $13/ lawn or $25/ lawn. Assume that your mowing business will mow 350 lawns per month rather than 200 lawns per month. Also assume that the cost for advertising increases from $50 to $300 per month. Label these two new scenarios Scenario 3 (with labor costing \$13/lawn) and Scenario 4 (with labor costing \$25/lawn). Speclfy the Questlon: What is the profit on each lawn if the mowing business mows 350 lawns per month? What is the business's total profit per month? Requlred: 1. Assess whether this mowing business will be profitable if you mow 350 lawns per month. 2. Show a visualization of the change in monthly margin based on a range of labor costs per lawn. Deto: Lab 1.1 Data.xlsx Analyze the Data: Refer to lab 1.1 in your text for additional instructions and steps. Lab 1.1 Alternate: Analysis Questions Note: Submit your answers for the following Anelysis Questlons In the text entry fleld below. 1. How did you get a monthly truck payment per lawn of $0.86 ? 2. How did you get a monthly maintenance charge per lawn of $0.29 ? 3. Given these changed assumptions, does it make sense to leave your job, in which you earn $4,000/ month? Given the results of the analysis, what do you choose and why? Is there anything else that you should consider? Explain. Requlred Information Lab 1.1 Alternate: Assessing Profitability of a Mowing Business [The following information applies to the questions displayed below.] Lab Insight: Apply the same steps in Lab 1.1 to the Lab 1.1 Data.xlsx data set with two modifications. The same scenarios exist as before, with labor costing either $13/ lawn or $25/ lawn. Assume that your mowing business will mow 350 lawns per month rather than 200 lawns per month. Also assume that the cost for advertising increases from $50 to $300 per month. Label these two new scenarios Scenario 3 (with labor costing \$13/lawn) and Scenario 4 (with labor costing \$25/lawn). Speclfy the Questlon: What is the profit on each lawn if the mowing business mows 350 lawns per month? What is the business's total profit per month? Requlred: 1. Assess whether this mowing business will be profitable if you mow 350 lawns per month. 2. Show a visualization of the change in monthly margin based on a range of labor costs per lawn. Deto: Lab 1.1 Data.xlsx Analyze the Data: Refer to lab 1.1 in your text for additional instructions and steps. Lab 1.1 Alternate: Analysis Questions Note: Submit your answers for the following Anelysis Questlons In the text entry fleld below. 1. How did you get a monthly truck payment per lawn of $0.86 ? 2. How did you get a monthly maintenance charge per lawn of $0.29 ? 3. Given these changed assumptions, does it make sense to leave your job, in which you earn $4,000/ month? Given the results of the analysis, what do you choose and why? Is there anything else that you should consider? Explain

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