How many jobs can jack expect will not be performed

Assignment Help Accounting Basics
Reference no: EM133500778

Jack is concerned about how many clients that Jack's Mowing are losing. In particular, Jack feels that there may be client losses as a result
of jobs that are unable to be performed. Jack has asked Diane to see if she can provide some insight using data that she may have maintained.

Diane has indicated that while she does not have a record of clients that Jack's Mowing may have lost, she has indeed kept a list of jobs that were unable to be performed over the past 2 years. Diane has also made notes of each instance that a job could not be performed due to Jack being either overbooked, or unwell.

Activity 1

Jack has asked Diane several specific questions to help understand this aspect of the business including:
a) How much revenue was lost as a result of jobs not performed?
b) What were the reasons for jobs not performed?
c) How many jobs can Jack expect will not be performed next year?
d) How many hours of work should Jack offer to a casual employee to minimise revenue lost from jobs not performed?

Activity 2
Now Jack has received advice regarding his initial queries, he is concerned about future losses of revenue. Jack has asked the following
two questions:
c) How many jobs can Jack expect will not be performed next year?
d) How many hours of work should Jack offer to a casual employee to minimise revenue lost from jobs not performed?

REQUIRED: As with Activity 3, for each question asked by Jack:

i) Identify whether it is best resolved using descriptive, diagnostic, predictive or prescriptive analytics;
ii) Suggest data that would be useful for providing an answer; and
iii) Highlight difficulties with the analysis necessary to address the question

Reference no: EM133500778

Questions Cloud

Statement of financial performance : Statement of Financial Performance and Statement of Financial Position (Balance Sheet)
How would this affect businesses and the economy : How would this affect businesses and the economy? Choose one other country and identify the products it would need to do without
What is needed for police to obtain a warrant to search home : What is needed for police to obtain a warrant to search a home? To what extent, if any could police legally gather evidence from the Ellis home without warrant?
Does the difference in prices confirm the theory : Where would you buy the Iphone if you could magically be in the 4 countries today and Can you explain the difference in prices, if any? To what theory does
How many jobs can jack expect will not be performed : How much revenue was lost as a result of jobs not performed and What were the reasons for jobs not performed
What should test plans for a project be based on : PROJ 620- What should test plans for a project be based on? Describe a time when someone was a friend to you when you did not deserve it?
What were the reasons for jobs not performed : Identify whether it is best resolved using descriptive, diagnostic, predictive or prescriptive analytics - Highlight difficulties with the analysis necessary
What steps are necessary for data analysis to be effective : Is Terry correct and What steps are necessary for data analysis to be effective - Terry disagrees and tells Jack "they are different terms that describe
What about products and services that largely been ignored : Forecasting provides very useful projections for established products and services. What about products and services that have largely been ignored?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the amount of cash collected on a credit sale

Determine the amount of cash collected on a credit sale in the amount of $4,300, subject to 13% HST when $500 worth of merchandise

  Write farriss memo to home office to report on her purchases

Write Farris's memo to the home office to report on her purchases. Include the store's balance sheet as the final part of your memo. Prepare a T-account to compute the balance for Cash.

  Describes the australian business environment

Countries as having four accounting values. Describe two (2) such accounting values and determine which best describes the Australian business environment.

  Indicate how each of the events would be classified

Prepare a statement of cash flows. Assume All Star Automotive had a beginning cash balance of $9,000.

  Calculate direct material quantity variance for given time

Calculate the direct material quantity variance for June. If the variance is favorable, enter an F after your number with a space between the number.

  Determine the dollar amount of the total depreciation

Bravo Manufacturing Company began operations on January 1, 2016. Use this information to determine the dollar amount of the total depreciation

  How much should raven company report as earnings

On December 31, 2020, Raven Company, How much should Raven Company report as earnings per share in its December 31, 2020 financial statements?

  Show the amount of matt allowable capital loss deduction

Show the amount of Matt's allowable capital loss deduction toward AGI for 2020 and the amount and character of any capital loss carryovers to 2021.

  Power point presentation on the boeing company

This is a paper and power point presentation on the Boeing Company. Please see attachment for specifications

  Make the journal entry to record the payroll tax expense

The payroll register of Chen Engineering Services indicates $900 of social security withheld, Make the journal entry to record the payroll tax expense

  Make the correcting entry

Make the correcting entry for each of the following: You paid the phone bill, $100. You debited wage expense and credited cash for $100

  A method of estimating bad debts that focuses on the

1. an operating cyclea. is twelve months or less in lengthb. is the average time required for a company to collect its

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd