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2-19. EXCEL APPLICATION: IT Benchmarks Jay's Bikes is a family-owned and -operated business that stocks a wide range of bikes designed to fit the needs of professional riders, your child's first bike, and everything in between. The business has 12 full-time employees. Download the Excel file Ch02Ex01 (Figure 2.21) to calculate average IT spending so that it can be compared with the retail industry average. Recall that average IT spending in the retail industry is about 2 percent of revenue. How do Jay's IT expenditures compare with the industry average? How much would Jay need to change spending in order to match the retail industry average? Figure 2.21 Jay's Bikes revenue and IT expenditures. A 1 2 34 4 5 6 12 7 IT Expenditures Hardware 8 9 10 11 23 Revenue 13 B Apparel & shoes Bike accessories New bikes Used bikes Bike repairs Software updates Software licenses Software support Employee training Web site development Internet access с $ 1,250,000 $ 550,000 $ 2,650,000 $ $ SS $ $ $ $ $ $ $ 18,500 33,000 15,000 18,000 4,500 4,500 5,000 5,000 1,200

2-19. EXCEL APPLICATION: IT Benchmarks Jay's Bikes is a family-owned and -operated business that stocks a wide range of bikes designed to fit the needs of professional riders, your child's first bike, and everything in between. The business has 12 full-time employees. Download the Excel file Ch02Ex01 (Figure 2.21) to calculate average IT spending so that it can be compared with the retail industry average. Recall that average IT spending in the retail industry is about 2 percent of revenue. How do Jay's IT expenditures compare with the industry average? How much would Jay need to change spending in order to match the retail industry average? Figure 2.21 Jay's Bikes revenue and IT expenditures. A 1 2 34 4 5 6 12 7 IT Expenditures Hardware 8 9 10 11 23 Revenue 13 B Apparel & shoes Bike accessories New bikes Used bikes Bike repairs Software updates Software licenses Software support Employee training Web site development Internet access с $ 1,250,000 $ 550,000 $ 2,650,000 $ $ SS $ $ $ $ $ $ $ 18,500 33,000 15,000 18,000 4,500 4,500 5,000 5,000 1,200

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter14: Data Mining
Section14.2: Classification Methods
Problem 7P
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2-19. EXCEL APPLICATION: IT Benchmarks Jay's Bikes is a family-owned and operated business that stocks a wide range of bikes designed to fit the needs of professional riders, your child's first bike, and everything in between. The business has 12 full-time employees. Download the Excel file Ch02Ex01 (Figure 2.21) to calculate average IT spending so that it can be compared with the retail industry average. Recall that average IT spending in the retail industry is about 2 percent of revenue. How do Jay's IT expenditures compare with the industry average? How much would Jay need to change spending in order to match the retail industry average? Figure 2.21 Jay's Bikes revenue and IT expenditures. A 1 2 3 34 Revenue B Apparel & shoes Bike accessories New bikes Used bikes Bike repairs 5 6 7 IT Expenditures Hardware 8 9 10 11 12 13 с $ 1,250,000 $ 550,000 $ 2,650,000 $ $ $ 15,000 18,000 4,500 4,500 5,000 5,000 $ 1,200 sssssssssss Software updates Software licenses Software support Employee training Web site development $ Internet access $ $ $ 18,500 33,000 $
Transcribed Image Text:2-19. EXCEL APPLICATION: IT Benchmarks Jay's Bikes is a family-owned and operated business that stocks a wide range of bikes designed to fit the needs of professional riders, your child's first bike, and everything in between. The business has 12 full-time employees. Download the Excel file Ch02Ex01 (Figure 2.21) to calculate average IT spending so that it can be compared with the retail industry average. Recall that average IT spending in the retail industry is about 2 percent of revenue. How do Jay's IT expenditures compare with the industry average? How much would Jay need to change spending in order to match the retail industry average? Figure 2.21 Jay's Bikes revenue and IT expenditures. A 1 2 3 34 Revenue B Apparel & shoes Bike accessories New bikes Used bikes Bike repairs 5 6 7 IT Expenditures Hardware 8 9 10 11 12 13 с $ 1,250,000 $ 550,000 $ 2,650,000 $ $ $ 15,000 18,000 4,500 4,500 5,000 5,000 $ 1,200 sssssssssss Software updates Software licenses Software support Employee training Web site development $ Internet access $ $ $ 18,500 33,000 $
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