Foster Hancock is an accountant who is planning to open an accounting firm in his hometown. He
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Question:
Foster Hancock is an accountant who is planning to open an accounting firm in his hometown. He has heard that established accountants in town charge $65 per hour. That amount sounds good to Foster. In fact, he believes that he should be able to charge $75 an hour given his high GPA and the fact that he is up to date on current accounting issues.
Briefly explain why Foster might be wise to employ descriptive data analytics before moving forward with his pricing decision. Also, what, if any, data challenges might Foster encounter in performing descriptive data analytics?
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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