ACT_580_Critical_Thinking_Module_6

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Colorado State University, Global Campus *

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580

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Business

Date

Jun 19, 2024

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docx

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4

Uploaded by DeaconSkunkMaster1022

1 Module 6 Critical Thinking Erin Mazzola Colorado State University Global ACT580: Accounting Capstone Dr. Wendy Achilles May 26, 2024
2 Analytics Mindset – TechWear TechWear is a startup firm that makes high-end, technologically advanced sportswear (CSU, 2024). It's interesting to note that this apparel is highly technologically advanced, with RFID chips incorporated in the items enabling GPS monitoring capabilities. It is possible to track the user's heart rate, sweat rate, calories burnt, and exercise efficiency. This project's goal is to evaluate the risk of cash sales relative to accounts receivable. TechWear supplies big distribution facilities with their goods. The critical thinking submission now contains an Excel document with information about the data and results that have been completed and submitted. Part I Questions Data on sales and cash received is included in TechWear's Excel spreadsheet. To complete the case study, this paper must respond to three questions from Part One. They are listed in the following order: 1. Verify the balance of the accounts receivable in the amount of $684,491.19 2. Validate the information for the 15 approved customers 3. Verify that the 230 sales that were transacted during 2015 are accurate without duplicates or additional invoices (CSU, 2024). According to TechWear's statistics, the company was operational from March 5, 2015, till December 31, 2015. In the Excel spreadsheet, an extraction, transformation, and load (ETL) are employed for analysis. By balancing the accounts receivable balance, the spreadsheet data examination reveals that the proper amount of $684,491.19 exists. The 15 clients are accurately mentioned, although
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