Principle of Accounts

School-Based Assessment

Names of Candidates Candidates Number

-Hayley Mcleary 1004280278

-Chelsea Williams 1004280456

-Nya Brice-Harris 1004280065

-Morgan Levy 1004280227

Institution: Jamaica Private

Centre Number: 100428

Territory: JAMAICA

Year of Submission: 2019

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 Table of Contents

 Research Topic 3

 Objectives 3

 Background/Overview 4

 Methodology 5

 Presentation/ Analysis Of Data 6

 Calculations 7

 Interview Result 8

 Conclusion 9

 Recommendations 9

 Appendix 10

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 Research Topic

An Investigation into the high turnover rate of bottled water at the CTS Canteen.

Objectives

 Analyse two possible factors in the demand for water at CTS during the period

September 2018 to December 2018.

 Determine if the storage capacity at CTS during the first school term of the 2018-2019

school year was sufficient to hold the average amount of water needed per student.

 Explain two pricing mechanisms used at CTS in the pricing of water throughout the first

term.

 Determine and discuss the preferred and most economical brands of water sold at CTS

during the period of September to December 2018.

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 Background/ Overview

Chippy’s Tutoring Service (C.T.S) is a private school that was established in the

September of 2009 by Mr. Damion Chippy. The institution provides both day school and extra

lessons during the week and on weekends. The Day School comprises of students who have

difficulties fitting into the traditional public-school system. While the Extra Lessons deals with

students who need help preparing for various CSEC Examinations, across the Kingston and St.

Andrew region as well as St. Catherine, from various public schools.

A variety of beverages are sold at the canteen, however, bottled water is one of, if not,

the, major drink beverage(s) sold. In this study we will be examining the high turn over rate of

water, which is essentially the ratio of the amount of water that had to be replaced during the

given time period, to the average amount of water, in the C.T.S canteen. The goal of seeking to

undertake this investigation was due to the noticeably high volume of empty water bottles in the

garbage and throughout the premises left by students at the end of the classes

This research will therefore help the proprietor to make critical decisions in order to save

money, such as whether or not to expand on storage space and/ or to increase the size of the

transport vehicle , buy more water in bulk at one time and/ or to make decisions as to what brand

of water is the most economical at its price to purchase

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 Methodology.

Our research utilizes data mainly from primary sources, these being; interviews with the
proprietors of C.T.S, to understand and relate information to the way in which the canteen’s
water sales are managed; observations of the habits of the students as it pertains to the
consumption of water; and a Questionnaire which was used to collect data, from the students of
C.T.S, specific to this research which was suitable because it was aimed at the students who
mainly purchase water at C.T.S, which primarily contributes to the high turn-over rate of water.

We compiled our questionnaire, which consisted of 10 carefully constructed closed questions

and 1 open ended question and it was issued out to our group of respondents which comprised of
both genders between the ages of 12 and 19 years. This gave us a rough estimate of water
drinking habits across all age groups at C.T.S. The students were asked to fill out the
questionnaire in class without conferring their answers with each other to retain the credibility of
their answers. This method provided us with calculable answers for the topic being researched
and a means by which we reached a relatively wide variety of individuals while being terse and
cost efficient.

We also drew up a separate series of appropriate questions to ask Mr. Chippy (The primary
proprietor) and Ms. Mac (The Administrator) in relation to how often bottled water is
replenished in the canteen. Both were interviewed separately, and their responses were recorded
and analyzed on paper.

The results from the questionnaire and the calculations that follow will help to determine the
factors responsible for the rapid depletion of water in the C.T.S canteen

In conclusion the research was both qualitative, measurable and quantifiable in the sense that
accurate statistics were used and all sources were found appropriate for this research, however
we did have one limitation as it pertains to the number of students that took the survey because
some were not available and/ or willing to participate in the survey

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 Presentation And Analysis Of Data

For our data collection, 40 students were issued questionnaires, and these were the results
obtained:

Reasons for purchasing water at C.T.S

18; 45%

22; 55%

Peer Pressure Availability Health Reasons Price

 Factors influencing demand for water

55%, or 22, of the students selected the Health Reasons option and the remaining 45%, or 18
students selected Availability.

Determining the adequacy of the storage capacity

Int the interview we conducted with Mr. Chippy and Ms. Mac we were told the storage area
reserved for the cases of water was a 3x3 square foot section of the 10x10 square foot kitchen
which would have multiple cases of water stacked on top of each other.

The average number of cases stored here at a given time according to the interview answers is 5
cases at the start of each week. The average amount needed per week to accommodate 40
students is:

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 The Number of Bottles Bought by Individuals Daily
1
3

21
15

1 bottle 2 bottles 3 bottles 4 bottles

Calculations

=21 students (1 bottle) + 15 students (2 bottles) + 3 students (3 bottles) + 1 student (4 bottles)

= 21 bottles+ 30 bottles +9 bottles +4 bottles

=64 bottles

There are 48 bottles in each case of water

Approximately, CTS uses….

=64/48

= 1.33 cases of water a day

Therefore, a weeks’ worth of cases of water would be equivalent to 1.33 x 7 days a week

=9.31 cases a week

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 Interview Results

 Explanation of two pricing mechanisms

Affordability- According to Mr. Chippy, the students who attend C.T.S come from a range of

various demographic backgrounds, while taking this into consideration water is priced to allow

for students from each end of the spectrum to afford water given their fixed weekly school

allowances.

Profitability- The main goal of any entity is to make a profit in order to continue to operate. At

the current price of water Mr. Chippy makes approximately $63.33, giving him a total profit of

$3039.84 from each case of water sold. Through this further expansion is allowed.

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 Conclusion

Based on our findings it is evident that out of the forty students the two main factors influencing

the demand for water were its health benefits, which was the option chosen by 55%, or 22, of the

students and its availability, which was the option selected by the remaining 45%, or 18.

We also found evidence that the storage capacity of C.T.S is insufficient compared to the

approximate demand for water which is 9.33 cases a week versus a limit of 5 cases that can be

stored at once during the week.

The pricing mechanisms used are based off of profitability and affordability

Recommendations

-Increasing storage space to lessen to cost of transporting the water from the store to CTS.

- Obtaining a recycling bin, in order to lessen to amount of plastic on/around the compound and

in the garbage bins.

Appendix
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DATA COLLECTION SURVEY
This survey is an investigation into the high turnover rate of bottled water at the Chippies
Tutoring Service’s (CTS) canteen. Please answer the following question in order to aid in the
study:

GENDER:

AGE:

1. Do you purchase water at CTS?

[ ] yes

[ ] no

a. If yes, please continue the survey

b. If no, why
________________________________________________________________
_________________________________________________________________________

2. Why do you purchase water at CTS?

[ ] Price

[ ] Health reasons

[ ] Peer pressure

3. Does brand matter

[ ] yes

[ ] no

4. What brand of water is your preferred choice?

[ ] Lasco

[ ] Wata

[ ] Member’s select

[ ] Crystal punch

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5. What’s the reason for choosing that particular brand
[ ] Price

[ ] Availability

[ ] Taste

6. At the current price of water, how many bottles a day do you purchase?
[ ]0

[ ]1

[ ]2

[ ]3

[ ]4

[ ]5

7. If the price should increase, would you buy more or less

[ ] More

[ ] Less

[ ] No change

8. If the price should decrease, would you buy more or less

[ ] More

[ ] Less

[ ] No change

9. If your school allowance increases how many bottles of water would you purchase per
day ?
[ ] More

[ ] Less

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 [ ] No change

10.If your school allowance increases how many bottles of water would you purchase per
day?

[ ]0

[ ]1

[ ]2

[ ]3

[ ]4

[ ]5

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