Business Intelligence is the application of tools to improve the decision making and allows access to the information.
<u>Explanation:</u>
Business Intelligence collect the data and then analyse that data to interpret the next step the business should take in order to flourish.
Data Warehouse stores all the data which needs to be analyzed in a summary form for the organisation to quickly access it.
Data Warehouse is one of the steps of business intelligence which generate an accurate, aggregate data for the BI to analyze.
Answer:
So the option is C.<u>$39,000 unfavorable.</u>
Explanation:
Sales price variance=(Actual price - Budgeted price) x Actual unit sales
=($643,500/195-$3,500)*195 copiers
=-$200*195
=$39,000 Unfavorable.
So the option is C.$39,000 unfavorable.
Answer:
222
Explanation:
Economic Order Quantity = √[(2XCₒXD)/Cₕ]
Where:
Cₕ = cost of holding a unit of inventory for a year
Cₒ = cost of placing an order
D = annual demand
Ordering cost, Cₒ= $166
Annual demand, D= 4,153
Inventory holding cost, per item per year, Cₕ = $28
Economic Order Quantity = √[(2X166X4153)/28]
=√[1378796/28]
=√49242.71
=221.9
=222
The Annual Number of Orders to be placed is 222.
Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c $1,100
To Cash A/c $1, 100
(Being the petty cash fund is established)
2. Office supplies A/c Dr $614
Miscellaneous selling expense A/c Dr $200
Miscellaneous administrative expense A/c Dr $145
Cash short and over A/c $26
To Petty cash A/c $985
(Being the expenses are recorded)
The Cash short and over is computed below:
= $1,100 - $115- $614 - $200 - $145
= $26
