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2 years ago

question 3 fill in the blank: data involves creating new ways of modeling and understanding the unknown by using raw data.

Business

1 answer:

faltersainse [42]2 years ago

8 0

Data analysis involves creating new ways of modeling and understanding the unknown by using raw data.

Working with data to extract relevant information that may be used to guide decisions is known as data analysis.

What is data analysis?

Data analysis tools are software and programmers that gather and analyze data about a company, its clients, and its competitors in order to streamline operations and help decipher patterns so that decisions may be made using the data.
The process of inspecting, purifying, manipulating, and modelling data in order to find relevant information, support inferences, and help decision-making.
Data analysis is utilized in several fields of business, science, and social science and has many dimensions and methodologies.
It includes various techniques and goes by many different names. Data analysis contributes to more scientific decision-making and more efficient business operations in the modern business world.

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Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $53,0

Virty [35]

Answer:

Accounting rate of return = 10.39%

Payback period = 4.62 years

Explanation:

The computations are shown below:

For accounting rate of return, it equal to

= Annual net income ÷ Investment

= $53,000 ÷ $510,000

= 10.39%

For payback period, it would be

= Initial investment ÷ Net cash flow

where,

Initial investment is $263,000

And, the net cash flow = annual net operating income + depreciation expenses

= $53,000 + $57,500

= $110,500

The depreciation expense would be

= (Original cost - residual value) ÷ (useful life)

= ($510,000 - $50,000) ÷ (8 years)

= ($460,000) ÷ (8 years)

= $57,500

Now put these values to the above formula

So, the value would equal to

= ($510,000) ÷ ($110,500)

= 4.62 years

4 0

3 years ago

2. The owner and bank have agreed to convert the construction mortgage into a permanent mortgage when construction is done. The

mylen [45]

Answer:

Monthly payment is $151,567.83

Explanation:

Monthly Payment can be calculated using following formula

Value of Mortgage = Monthly payment x ( 1 - ( 1 + Monthly Interest rate )^-Numbers of months / Monthly iNterest rate

Where

Value of Mortgage = $13,200,000

Monthly Payment = ?

MOnthly Interest rate = 6.75% / 12 = 0.5625%

Numbers of months = Tem of Mortgage x 12 = 10 years x 12 = 120 months

Placing values in the formula

$13,200,000 = Monthly payment x ( 1 - ( 1 + 0.5625% )^-120 / 0.5625%

$13,200,000 = Monthly payment x 87.08972

Monthly payment = $13,200,000 / 87.08972

Monthly payment = $151,567.83

3 0

3 years ago

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:S

RoseWind [281]

Answer:

c. $17,400

Explanation:

The computation of the net operating income under absorption costing is given below:

unit product cost under Absorption costing

direct materials $29

direct labor $71

variable manufacturing overhead $17

fixed manufacturing overhead ($142,500 ÷ 9,500) $15

unit product cost $132

Now

Sales (9,100 × 156) $1,419,600

less:Variable cost of good sold (9,100 × 132) $1,201,200

Gross profit $218,400

Selling and administrative expense

variable selling expens (9,100 × 21) $191,100

Fixed selling & adm expense $9,900

Net operating income $17,400

8 0

3 years ago

On the far right side of the AS curve, the economy is producing ________ potential, and on the far left of the curve, it is prod

Pie

On the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.

<h3>What is AS curve?</h3>

It should be noted that the AS curve simply means the aggregate supply curve and it's the quantity of real GDP that's supplier by the economy.

In this case, on the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.

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7 0

2 years ago

If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal

SIZIF [17.4K]

Income $42,500
Less:
Deductions <u> 0</u>
Taxable Income $42,500
Tax rate <u> x 10%</u>
Tax payable $4,250

Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).

5 0

3 years ago