Based on last week, we established that Frank thinks he is turning a profit. However, as a
Question:
Based on last week, we established that Frank thinks he is turning a profit. However, as a class, we identified other costs that impact his profitability. Using his final profit and loss information provided in the course announcements, answer: is Frank still making money? Will he continue to make money throughout the year?
In your initial post, determine whether Frank has made money and share your quantitative analysis with the class.
After completing your initial post, respond to at least two other classmates. In each response, please provide some reasons why Frank might not be making money, as well as an idea as to how Frank could make more money in the future. Please build off of your classmates’ ideas to consider a business strategy that might work going forward.
Statistics Principles and Methods
ISBN: 978-0470904114
7th edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya