BUS501 Business Analytics and Statistics : Assignment

Added on - 16 Mar 2020

  • BUS501

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  • 18

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Showing pages 1 to 4 of 18 pages
Running head:BUSINESS ANALYTICS AND STATISTICSBusiness Analytics and StatisticsName of the studentName of the universityAuthor’s note
1ACCOUNTING FUNDAMENTALSTable of ContentsIntroduction......................................................................................................................................4Problem Definition and business intelligence required...................................................................4Results of Technical Analysis and Selected Analytics Method......................................................5Research Question 1.....................................................................................................................5Research Question 2.....................................................................................................................8Research Question 3...................................................................................................................12Research Question 4...................................................................................................................14Research Question 5...................................................................................................................16Discussion of the results and recommendations.............................................................................17References......................................................................................................................................18
2ACCOUNTING FUNDAMENTALSTable of TablesTable of Figures
3ACCOUNTING FUNDAMENTALSIntroductionThe organic range of products in a small health shop on Sunshine Gold Coast named as GoodHarvest Kitchen deals from producer to customer homes (Good Harvest Organics 2017).Although, the organizations aims to deal with quality but has also been following its functions ofwholesale and retail in the local community. Basically, the shop is known for its fruits that arepesticides free and organic vegetables in bulk. It also helps in educating people about its seasonalnature.The data encompasses the whole year data of its sales and production of its product mix andfruits shop business. The organization’s retail business needs to be analysed because as it is in itsstart up phase. The cost of goods is reportedly tend to be high and has been considered as a mainchallenge. On the contrary, the data needs to be analysed based on the research questionshighlighted for the running of the business.Problem Definition and business intelligence requiredThe data has been taken from the “Health Food Shop” in the Sunshine Coast. Firstly, the datawill be examined using descriptive statistics followed by the other measures like One-wayAnova, regression, t – test, etc.1.What are the top/worst selling products in terms of sales?2.Are the differences in sales performance based on where the product is located in theshop? How does this affect both profits and revenue?3.Is there a difference in sales and gross profits between different months of the year?4.Are their differences in sales performance between different seasons? How does thisrelated to rainfall and profits?
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