Question

In: Finance

Angie’s Repair Shop does custom sewing repairs for customers, including sewing on buttons and putting in...

Angie’s Repair Shop does custom sewing repairs for customers, including sewing on buttons and putting in new zippers. Angie went to business school, so she knows that she needs to keep an eye on her sales trends. Results for October through December are listed below.

Type of Job      Units

                         October    November     December

Sew on buttons     250                400               500

Put in new zipper   100                125              150

   Hem pants          200                 175              200

Hem skirt               100                  80                 75

Take in waistban      50                  40                30

Let out waistband    50                  75               100

Required 1. Perform a simple gap analysis of Angie’s sales 2. Using the data in problem, perform a percentage change, or trend analysis, of Angie’s sales. Do you spot any patterns in sales?

Solutions

Expert Solution


Related Solutions

1 - The number of repairs produced by a computer repair shop depends on the number...
1 - The number of repairs produced by a computer repair shop depends on the number of workers as follows: Number of workers Number of repairs 0 0 1 10 2 22 3 36 4 54 5 58 6 66 7 70 8 69 Assume inputs other than labor are fixed in the short run. a) Add two additional columns to the table and enter the marginal product and average product for each number of workers. b) Over what range...
The number of repairs produced by a computer repair shop depends on the number of workers...
The number of repairs produced by a computer repair shop depends on the number of workers as per the table below: No. of workers per week No. of Repairs 0 0 1 8 2 20 3 35 4 45 5 52 6 57 7 60 Assume that all inputs of production other than labour are fixed in the short run. Add two additional columns to the table and compute MP and AP for each no. of workers. a. What are...
Provided is the following data for Marina Bay, a boat repair shop. Repairs Material Loading Charges...
Provided is the following data for Marina Bay, a boat repair shop. Repairs Material Loading Charges Mechanics’ wages and benefits $103,500 Parts manager’s salary and benefits $11,500 Office employee’s salary and benefits 20,700 2,300 Other overhead (supplies, depreciation, property taxes, advertising, utilities) 26,800 14,400 Total budgeted costs $151,000 $28,200 Employees worked 5,000 hours for repair work. Marina Bay desires a profit margin of $8 per hour. The total invoice cost of parts and materials used was $120,000. Marina Bay desires...
Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time,...
Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed, with a mean of 2.7 hours per call. Requests for copier repairs come in at a mean rate of 1.8 per eight-hour day (assume Poisson) a. Determine the average number of customers awaiting repairs. (Round your answer to 2 decimal places.) Number of customers b. Determine system utilization. (Round your answer to 2 decimal places. Omit the "%" sign in your...
A vehicle repair shop wants to determine the satisfaction level of their customers. In order to...
A vehicle repair shop wants to determine the satisfaction level of their customers. In order to do so, they randomly select 60 of their customers and send them a satisfaction survey. 43 of the individuals surveyed state that they are “Very Satisfied” with the service they received. Assume that the repair shop has more than 2000 customers. a.Verify that we can construct a confidence interval for the proportion of the vehicle repair shop’s customers who are Very Satisfied. b.Construct a...
In 2017 at a mechanic’s shop 35% of customers needed wheel or brake repairs, 40% needed...
In 2017 at a mechanic’s shop 35% of customers needed wheel or brake repairs, 40% needed engine repairs, 10% needed bodywork repairs, 10% needed electrical repairs, and 5% needed interior repairs. The mechanic wants to know if those proportions are still accurate in 2020. He randomly selects 90 repairs performed so far in 2020 and finds the following data. Type of repair Wheel/Brake Engine Bodywork Electical Interior Count 23 47 7 11 2 Have the proportions of repairs changed from...
joe's machine shop repairs small engines of all types, and also produces custom made specialty engines....
joe's machine shop repairs small engines of all types, and also produces custom made specialty engines. each job is unique and may use different manufacturing processes that the company offers. what kind of a cost method would they use A job order costing B process costing C ABC costing D production costing
Owner of an auto repair shop hires Contractor to remodel his shop but does not mention...
Owner of an auto repair shop hires Contractor to remodel his shop but does not mention that two days after the scheduled completion date, Owner is to receive five small US Army personnel carrier trucks for service, with a three-week deadline to finish the job and turn the trucks over to the army. The contract between Owner and the army has a liquidated damages clause calling for $300 a day for every day trucks are not operable after the deadline....
An automobile repair shop is concerned about customer satisfaction in terms of the entire experience customers...
An automobile repair shop is concerned about customer satisfaction in terms of the entire experience customers receive from the repair shop. In order to quantify the customer experience, three critical service characteristics have been identified: Complaints of a failure to fix the vehicle. Delay beyond the promised pickup time. Complaints of damage to the inside/outside of the vehicle during repair. A level of zero defects is the long-term goal. In order to address this goal, statistics have been collected over...
Roberta’s Auto Repairs averages 2.5 hours per repair, exponentially distributed. On average 2.1 customers arrive per...
Roberta’s Auto Repairs averages 2.5 hours per repair, exponentially distributed. On average 2.1 customers arrive per eight-hour day. HINT: To calculate the measures per day, convert the service time (number of hours) to service rate per day. a. Calculate the average number of automobiles that are waiting to be fixed. (Round your answer to 2 decimal places.)   Number of automobiles    b. Calculate system utilization. (Round your answer to the nearest whole percent, but do not type the percent sign.)...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT