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qwelly [4]
4 years ago
6

1. Discuss the relationship between data, information, and knowledge.

Business
1 answer:
Margarita [4]4 years ago
3 0

Answer:

Data are set of values or raw facts that are meaningless, Information is data that has been processed in some way or data that has been given a context. Knowledge is gotten from information by making rules to it. Knowledge always needs a rule.

Explanation:

(1) Data:

Data are a set of values or raw facts and figures.

Data are raw facts that are not useful because they lack relevance. the data can be words, numbers, images or sound

Information:

Information is either data that has been processed in some way or data that has been given a context or Examples of ways in which data can be processed are displaying the information clearly in a table, performing calculations, sorting the data.

Knowledge:

Knowledge is gotten from information by applying rules to it. knowledge always needs a rule.

Data, information and knowledge are three main building blocks that make up a much bigger picture.

Data is simply a description of something that is then saved but not in an orderly manner. Information is an organized data that is useful. Knowledge is that data/information that is organised and then processed to make a better understanding. It is known that the three components works together.  

With data being the first in the process. once the data has been classified, recorded and stored, it can then go on to the next phase of information. once the information has been organised in an orderly manner then it moves to the final phase of knowledge.

(2) In the world, an information in an organization or most likely knowledge is one of the most important resources, organizational capacities are based after the specific competencies in sharing and integrating information and knowledge.

Thus, most systems and knowledge writing attempts are not successful. in some cases, where there is technological or IT deficiencies included, the purpose of sharing is rarely attained and even reaching relative success is not simple (Hislop, 2002). the change in advancement is a unique characteristic of this new modern era, referred to as the grow older of information.  

Organizations of this modern age are faced with the challenges of active stability at various levels.  

Today, organizations are faced with such extensive amount of information and relief of knowing that controlling and using them effectively has become one of their major concerns. Operator’s knowledge based.

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Lansing, Inc., provided the following data for its two producing departments: Molding Polishing Total Estimated overhead $400,00
Ierofanga [76]

Answer:

1. Form A$80 per machine hour

Form B $4 per direct labor hour

2.Form A from $3.84 to $10.00

Form B from $7.30 to $3.60

3. Form A Unit overhead cost $ 3.87

Form B Unit overhead cost $ 7.28

Explanation:

Lansing, Inc

1. Overhead rates for each department will be;

Molding

$400,000/5,000

= $80 per machine hour

Polishing

$80,000/20,000

= $4 per direct labor hour

2. The overhead assignment:

Form A

($80 ×3,500) + ($4 ×5,000)

$280,000+$20,000

=$300,000

Form B

($80 ×1,500) + ($4 ×15,000)

$120,000+$20,000

=$180,000

Total applied overhead $300,000 and $180,000

Units of production Form A :

300,000÷30,000

=Unit overhead cost $10.00

Units of production Form B

180,000÷50,000

= Unit overhead cost $3.60

Plantwide rate Will be :

$480,000/25,000

= $19.20 per direct labor hour

Form A overhead cost in units will be:

$19.20 ×6,000/30,000

$19.20×0.2

$3.84

Form B overhead cost in unit will be :

$19.20 ×19,000/50,000

$19.20×0.38

$7.296 approximately $7.30

The plantwide rate for Form A

$3.84 to $10.00

The plantwide rate for Form B

$7.30 to $3.60

3. Overhead assignment:

Form A

($80 ×1,200) + ($4 ×5,000)

=$96,000+$20,000

=$116,000

Form B

($80 ×3,800) + ($4 ×15,000)

=$304,000 +$60,000

=$364,000

Total applied overhead

Form A $116,000

Form B $364,000

Units of production

Form A

$116,000 ÷ 30,000

=Unit overhead cost $ 3.87

Form B

$364,000÷ 50,000

Unit overhead cost $ 7.28

When compared to the plantwide unit overhead costs the cost will be $0.03 more higher for Form A and $0.02 less for Form B.

Which means that departmental rates may not cause a change in the assignments because It will depends on the complexity of each product and the way in which the resource demands are been made in each of the department.

7 0
4 years ago
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows
guajiro [1.7K]

Answer:

Cash inflows = $3,260

Cash outflows = $3,260

Total assets = $22,300

Total liabilities = $2,724

Net worth = $19,576

Explanation:

Cash inflows = Monthly take-home salary $3,260

Cash outflows = Rent for the month $1,360 + Spending for food $560 + Telephone bill paid for month $94 + Loan payment $147 + Auto insurance $326 + Payment for electricity $166 + Lunches/parking at work $181 + Donations $122 + Clothing purchase $137 + Restaurant spending $167 = $3,260

Total assets = Cash in checking account $1,270 + Savings account balance $1,990 + Current value of automobile $8,530 + Household possessions $3,970 + Stereo equipment $2,590 + Home computer $2,140 + Value of stock investment $1,810 = $22,300

Total liabilities = Balance of educational loan $2,390 + Credit card balance $334 = $2,724

Net worth = $22,300 - $2,724 = $19,576

 

4 0
4 years ago
West Corp. issued 15-year bonds two years ago at a coupon rate of 7.3 percent. The bonds make semiannual payments. If these bond
MaRussiya [10]

Answer:

7.44 %

Explanation:

The Yield to Maturity (YTM) is the Interest rate that makes the Present Value of Coupons and Principle equal the Market Price or Current Price of the Bond.

The Yield to Maturity can be calculated using a financial calculator as follows :

PV = - $100

N = (15 -2) × 2 = 26

PMT = ($100 ×  7.30%) ÷ 2 = $3.65

FV = $103

P/YR = 2

YTM = ?

Therefore, Inputting the values in the calculator as shown gives the Yield to Maturity is 7.44 %.

7 0
3 years ago
Sandy wants to persuade her audience that the high cost of daily and seasonal ski passes led to the largest decline in revenue t
victus00 [196]

Answer: argument from cause to effect

Explanation:

Arguments of Cause and Effect. or better still Claims of cause and effect are hypothesis which are supported the thought that one event usually controls or causes another. example from the question.

we all know that sometimes a rise in cost also can result in a decrease in sale or revenues because the case could also be. The reason for Colorado decline in revenue is as a results of visit sales thanks to high cost, and also the effect is that the decline in revenues generated.

3 0
4 years ago
Suppose the common stock of United Industries has a beta of 1.28 and an expected return of 15.47 percent. The risk-free rate of
Dima020 [189]

Answer:

The expected market risk premium is 9.20%

Explanation:

In order to calculate the expected market risk premium we would have to calculate the following formula:

expected market risk premium=(Rs-Rf)/β

Rf=3.7%

β=1.28

Rs=15.47%

expected market risk premium=(15.47%-3.7%)/1.28

expected market risk premium=9.20%

The expected market risk premium is 9.20%

3 0
4 years ago
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