Question
Hi, I am wondering if you can handle a project for management accounting. This is a project that is due on Tuesday 4th. Attached is
Hi, I am wondering if you can handle a project for management accounting. This is a project that is due on Tuesday 4th. Attached is the project. Take a look and tell me if its something you can handle. Thank you!
The project is worth Project 40% of my course and here is the beginning of the question. Please download the file
?Adding time to your day? is the slogan of Holzmann Cleaning Services (HCS). The
en years later, the business has grown in size and has expanded throughout the city
and local rural areas. Gretel is the majority shareholder of the private corporation with
two other shareholders. The company consists of a full-time staff of three operations
managers (one for commercial operations and two for residential operations), an
administrative staff of three, and part-time cleaning staff of over 200 university students,
called cleaning agents. Not only is Gretel able to provide high-quality cleaning services
to her clients, but she is also able to offer university students part-time work, reducing
the need for student loans.
company was started by Gretel, who began offering cleaning services to support herself
while she was in university studying for a business degree. At the age of 21 she was
determined to be known as more than a simple labourer who needed to fund her
education. She researched different cleaning products and methodologies to deliver a
fast and thorough service to her clients.
The company also owns a fleet of three vans that are used to transport cleaning agents
to and from work sites. A fourth van is available for the operations managers to make
site visits if necessary.
Gretel?s training regimen is thorough as potential hires are trained in the areas of
cleaning products, effective cleaning methods and acceptable deportment when
entering a client?s residence or place of business. Through this training process, which
Gretel carries out herself, she is able to hire only those individuals she feels would
provide the high-quality service that keeps clients coming back.
Recently, Gretel engaged Martine, a CPA and a local consultant, to review the latest
operating statement. Gretel is discouraged with the 20X6 profit margin (Exhibit 1).
Additionally, she is concerned with the cash flow as there are seasonal fluctuations in
the work, with more work in the months of March and April when many homeowners
request more hours for spring-cleaning chores. As such, Gretel must ensure that there
is enough cash on hand to build cleaning supplies inventories and pay for training of
any new recruits required to handle the extra work. Other than springtime, cleaning
supplies inventory on hand is minimal.
She is hoping that Martine will provide some guidance that will help the company attain
its profit margins. She has called a meeting with Martine, Sam, the operations manager
of commercial operations and Ling, one of the operations managers of residential
operations.
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