Question
Teased Out is an upscale hair salon doing business in an urban section of a progressive metropolis. It is one of seven owned stores operating
"Teased Out" is an upscale hair salon doing business in an urban section of a progressive metropolis. It is one of seven owned stores operating throughout the northeastern United States. It employs 7 stylists working two distinct shifts Tuesday through Saturday. the morning shift begins at 9:00 am to 1:00 pm and the afternoon shift begins at 1:00 pm until closing at 7:00 pm. Each stylist us assigned a distinct work shift and work location. Appointments are suggested; walk-ins are taken on first come, first serve basis. Walk-ins are budgeted 35% of daily traffic. The range of services and products are as follows:
Basic Hair Cut (Dry): $35.00 15% Of Daily Sales
Hair Cut Washed & Blown Dry: $50.00 40% Of Daily Sales
Color (Full): $125.00 25% Of Daily Sales
Color (Touch Up): $85.00 15% Of Daily Sales
Permed: $100.00 5% Of Daily Sales
Any color or perming automatically includes cut, washing, and blowing dry.
In addition to hair styling, "Teased Out" sells a variety of hair and beauty products. weekly sales of these products are purchased by 55% of customers with the following sales percentages:
Organic shampoo: $20.00 65%
Conditioner: $20.00 45%
Management has determined a daily flash report would be helpful in managing the company. Management wants to see daily activity beginning Tuesday through Saturday and totaled for the week.
Budgeted sales are as follows: Tuesday - Thursday, 35 customers. Friday budgeted customers is 42. Saturday budgeted customers is 49. The morning/afternoon ratio of budgeted traffic is 40% in the morning shift and 60% in the afternoon shift.
Required:
You know the budget. Create your own data assumptions and choose your KPI's based on information given. Prepare a flash report for this store.
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