Data Analytics For Accounting
Data Analytics For Accounting
19th Edition
ISBN: 9781260375183
Author: RICHARDSON
Publisher: MCG
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Chapter 8, Problem 1P
To determine

Identify the situations where sentiment analysis would be helpful in analyzing the press releases or earnings announcements. Explain the additional information which might be provided apart from the overall announcement. Determine whether it would be useful to have sentiment analysis automated for getting a basic sentiment measure versus the base level of sentiment expected in a press announcement or earnings announcement.

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Ramsey Corp. reported the following balances at the end of the year: Credit Sales: $275,000 Accounts Receivable: $68,000 Allowance for Uncollectible Accounts before adjustment: $2,800 debit Ramsey Corp. estimates that 7.5% of the credit sales are uncollectible. After the year-end adjustment, what is the Net Realizable Value of Accounts Receivable?
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