DATA ANALY ACCT + CONNECT LL
1st Edition
ISBN: 9781266167867
Author: RICHARDSON
Publisher: MCG/CREATE
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Chapter 7, Problem 5MCQ
To determine
Identify the question which does not help refine a dashboard.
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Summarizing data to understand what has happened is what type of analytics?
Multiple Choice
Predictive analytics
Diagnostic analytics
Descriptive analytics
Prescriptive analytics
Please answer with reason for all why the option is correct and why the other options are incorrect
During the research process, if you are unsure whether or not you've found all the relevant literature, what should you do?
A.
Google it to see if there is anything else you've missed.
B.
Call your manager to verify that you've found it all.
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Use the search engine included in the Codification.
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Complain that it's too much work and call it a day.
Chapter 7 Solutions
DATA ANALY ACCT + CONNECT LL
Ch. 7 - What would you consider to be Financial...Ch. 7 - Prob. 2MCQCh. 7 - What does KPI stand for? a. Key performance index...Ch. 7 - Prob. 4MCQCh. 7 - Prob. 5MCQCh. 7 - On a Balanced Scorecard, which is not included as...Ch. 7 - Prob. 7MCQCh. 7 - Prob. 8MCQCh. 7 - Prob. 9MCQCh. 7 - Prob. 10MCQ
Ch. 7 - We know that a Balanced Scorecard is comprised of...Ch. 7 - Prob. 2DQCh. 7 - Amazon, in the authors opinion, has cared less...Ch. 7 - For an accounting firm like PwC, how would the...Ch. 7 - For a company like Walmart, how would the Balanced...Ch. 7 - Prob. 6DQCh. 7 - If the data underlying your digital dashboard are...Ch. 7 - In which of the four components of a Balanced...Ch. 7 - From Exhibit 7-5, choose 5 Financial Performance...Ch. 7 - From Exhibit 7-5, choose 10 Employee Performance...Ch. 7 - From Exhibit 7-5, choose 10 Marketing KPIs to...Ch. 7 - Prob. 4PCh. 7 - If ROA is considered a key KPI for a company, what...Ch. 7 - If Time to Market is considered a key KPI for a...Ch. 7 - Prob. 7P
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- What type of analytics would encompass creating Key Performance Indicators (KPI’s) from the information reported in financial statements? Multiple Choice Diagnostic analytics Predictive analytics Descriptive analytics Prescriptive analyticsarrow_forwardSome people believe that an automated accounting system is always better than a manual system. Describe circumstances, and provide examples, where a manual system would be recommendable rather than automated solutionarrow_forwardYou do not have to start from scratch, but note, these are completely independent pro formas. They must update accordingly from the data worksheets. Plan on showing your analysis and discussing the proforma changes that occur under each new scenario and how it affects profitability. Use a formatted text box (not a comment) to explain your recommendations under each new pro forma. This will be approximately a 2-3 paragraph endeavor. Scenario One: “What if” Analysis for adding flavored ice coffees. Your client is unsure if she should sell flavored ice coffees. She thinks she can sell a coffee to every second customer and it seems to be lucrative because the coffee sells for $3.75 each and costs him only $1.60 to purchase. Unfortunately your client is afraid that he would cannibalize his soft drink sales with the coffee customers (one soft drink less for every coffee sold). It will cost him $5,250 to purchase the equipment and insurance costs would rise by another…arrow_forward
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