Identify the appropriate answer for the given statement from the given choices.
Answer to Problem 1MCQ
Option b.
Explanation of Solution
Big data: The data analytics is also known as big data when the data has a large size. It is described with the help of three Vs which are volume, velocity and variety.
a.
This is not the correct choice as the big data is described by three Vs which are volume, velocity and variety and not volume, velocity, and variability.
b.
This option is correct because volume refers to the large size of data, velocity refers to the speed of processing data and variety refers to the different types of data.
c.
This option is incorrect as the big data is described by three Vs which are volume, velocity and variety and not volume, volatility, and variability.
d.
This is incorrect option because the big data is described by three Vs which are volume, velocity and variety and not variability, velocity and variety.
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Chapter 1 Solutions
DATA ANALYTICS FOR ACCOUNTING W/CONNECT
- Mead Incorporated began operations in Year 1. Following is a series of transactions and events involving its long-term debt investments in available-for-sale securities. Year 1 January 20 Purchased Johnson & Johnson bonds for $20,500. February 9 Purchased Sony notes for $55,440. June 12 Purchased Mattel bonds for $40,500. December 31 Fair values for debt in the portfolio are Johnson & Johnson, $21,500; Sony, $52,500; and Mattel, $46,350. Year 2 April 15 Sold all of the Johnson & Johnson bonds for $23,500. July 5 Sold all of the Mattel bonds for $35,850. July 22 Purchased Sara Lee notes for $13,500. August 19 Purchased Kodak bonds for $15,300. December 31 Fair values for debt in the portfolio are Kodak, $17,325; Sara Lee, $12,000; and Sony, $60,000. Year 3 February 27 Purchased Microsoft bonds for $160,800. June 21 Sold all of the Sony notes for $57,600. June 30 Purchased Black & Decker bonds for $50,400. August 3 Sold all of the Sara…arrow_forwardWhat is the ending inventory?arrow_forwardMaple industries uses the straight line method solution general accounting questionarrow_forward
Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning