Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 7, Problem 5P
If ROA is considered a key KPI for a company, what would be an appropriate benchmark? The industry’s ROA? The average ROA for the company for the past five years? The competitors’ ROA?
- a. How will you know if the company is making progress?
- b. How might Data Analytics help with this?
- c. How often would you need a measure of ROA? Monthly? Quarterly? Annually?
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Students have asked these similar questions
Choose an industry and identify the factors that will determine its performance in the next three years. What is your forecast for performance in that time period?
Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales
using the average approach?
You must use the built-in Excel function to answer this question.
Input area:
Year
Sales
2016
2017
2018
es es e
$
1,500,000
$
1,750,000
$
1,400,000
2019
$
2,000,000
2020
$
1,600,000
Output area:
Next year's sales
1. The annual net income of MAC Industries since 2005 is given
below.
Years t (since 2005)
Net Income
1
4
6
12
15
$1,500 $2,500 $2,875 $2,850 $2,250
a. Create a scatter plot that includes your curve of best fit on
top of the data. You should try several functions and make
your choice based on best r-squared value.
b. Find the year that Net Income was at its highest point.
c. What was the income in that year?
Chapter 7 Solutions
Data Analytics For Accounting
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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