Question: Task Scenario: After completing his apprenticeship, Doug founded Doug's Drainlaying two years ago. Since then, he has been a contractor for Waste Away, his former
Task Scenario: After completing his apprenticeship, Doug founded Doug's Drainlaying two years ago. Since then, he has been a contractor for Waste Away, his former employer. Regarding his contractor job with Waste Away, Doug used all of Waste Away's machinery in his first year of contracting, simply providing labour. Doug had $ in expenses and sent Waste Away a $ invoice for the first year.Doug was always dependent on Waste Away for his machinery, and they scheduled his work hours and handled his client correspondence. As a contractor, Doug desired to stay up to date on his skills, and Waste Away was pleased to allow him to participate in staff meetings and training sessions.Doug decided to buy some equipment at the conclusion of the first year in order to boost his earnings. He therefore paid $ for his own digger and hired personnel and equipment. In addition to buying his digger, Doug also bought a new type of digger bucket for it which enables him to dig trenches that are narrower and require less soil removal before placing pipes.Doug had $ in expenses and sent Waste Away a $ invoice in the second year. With his own equipment, Doug was able to schedule his own work and adhere to his own schedule, allowing him to accommodate his family's needs and the weather. Now that he could speak with clients facetoface while organising his work, he discovered that he could better relate to them and accommodate their needs. He can schedule his own classes now that he has more scheduling flexibility, and he has liked reading the Drainlayer Association's magazines to advance his skills.Although Doug and Waste Away's relationship is going well, Waste Away's workload limits their income. Doug has spoken with the local council and they have informed him that they frequently have work available for bids. Doug is thinking about seeking for more contract employment in the future. He estimates that in order to take on this additional work, he would have to spend an additional $ to purchase a second digger and hire labour. Additionally, he projects that the additional future work might generate an additional $ in revenue with a $ rise in expenses in comparison to the secondyear statistics Task : Task : Evaluating planned changeDoug intends to go from solely using Waste Away as a contractor to sourcing and overseeing his own contracts in addition to his work with Waste Away.Utilise the subsequent techniques to assess the intended modification that Doug intends to incorporate later on into his enterprise. Kindly display your work.Note: Clearly indicate any situations in which an evaluation approach is restricted or unusable, elucidate the reasons behind thisa Change in revenue b Change in profit c Return on investment d Balanced scorecard Note: the financial answers from above can also be used as part of your balanced scorecard
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