Data Analytics For Accounting
Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Chapter 7, Problem 3DQ

Amazon, in the author’s opinion, has cared less about profitability in the short run but has cared about gaining market share. Arguably Amazon gains market share by taking care of the customer. Given the “Suggested 75 KPIs That Every Manager Needs to Know” from Exhibit 7-5, what would be a natural KPI for the customer aspect for Amazon? How do digital dashboards make KPIs easier to track?

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What is the difference between line and staff activities? Give an example of each. In a flat world where profit margins are growing thinner and more and more data resides on cyber clouds, is it better to be a line or staff worker?
Retail companies with today’s online, as well as in-store sales have a lot of data to keep track of! Keeping track of sales, costs, and profits daily is essential to making the most of a business. This exercise illustrates how to use the skills presented in this Module to generate the data needed daily by a retail company. Create the following calculated columns. a) In I4, and J4, use a VLOOKUP function that will look up the Product Price and Product Cost based on the Product Sold column which lists an ID number. [Hint: The Product Table sheet lists the Price and Cost] If any error messages appear, check the Range Lookup. b) In K4, use a formula to calculate Profit. Hint: Profit =(Product Price-Product Cost)*Units Sold Format columns I, J, and K as currency with two decimal places. Make a copy of the Sales sheet and rename it Online Sales by Date. Place this sheet to the right of the Sales sheet. Answer the following question by filtering the data accordingly. a) What was the…
Can management of a retail company like Amazon use lean techniques? Explain.
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