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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.

To learn more about data analysis visit:brainly.com/question/18169335

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On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal

anzhelika [568]

Answer:

Dr Fixed asset equipment_________$10000

Cr Cash_______________________________$10000

purchased equipment

Dr Depreciation expense____________$1800

Cr Acummulate Depreciation_______________$1800

Anual depreciation

Explanation:

Dr Fixed asset equipment_________$10000

Cr Cash_______________________________$10000

purchased equipment

Dr Depreciation expense____________$1800

Cr Acummulate Depreciation_______________$1800

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3 years ago

Any attempt to verify outcomes and compare them standards can be considered a(an) _______activity, althoughmany smaller firms do

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3 years ago

A company understated its ending inventory balance by $5,000 in 2018. What impact will this error have on cost of goods sold and

madreJ [45]

Answer:

COGS overstated for 5,000

Explanation:

<em>The COGS will be overstated for the same ammount,</em> that is because of the inventory identity.

$$$Beginning Inventory + Purchase = Ending Inventory + COGS$

If ending Inventory has a problem, it will be transferred to COGS as well to equalize the formula

If ending Inventory is understated it means their alue is less than it's real value,

$$$Beginning Inventory + Purchase \neq Ending Inventory (Real Inventory - Understimation) + COGS$

so to balance the formula COGS need to be overstated.

$$$Beginning Inventory + Purchase = Ending Inventory (Real Inventory - Understimation) + COGS(Real COGS + EI error)$

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3 years ago

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MaRussiya [10]

Answer:

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