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fredd [130]
3 years ago
11

TP5. LO 7.2How might service industries predict revenue?

Business
1 answer:
dalvyx [7]3 years ago
5 0

Answer:

Budgeting, forecasting and planning

Explanation:

Service industries uses budgeting, which includes expected sales  and operational cost, to forecast, plan and predict revenue. With regards to forecasting; historical or past company data are used to make sound prediction.

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how does the IoT and Big Data currently play into your job, your organization and the industry? Are these two things connected a
emmainna [20.7K]

<u>Explanation:</u>

The term IoT is an acronym for 'Internet of Things' which refers to a modern technology that allows certain physical objects or “things” as we may call it to connect to the internet.

While Big Data refers not just to large data, but to an innovative field of technology that specializes in analyzing very large (big) data sets.

Consider the education industry, by means of IoT, it is possible for school management to effectively track their student's academic progress in real-time.

IoT and Big Data connected in the sense that, as these physical things (objects) communicate over the internet, a mass amount of data ("Big Data") is been generated which could then be analyzed using specialized software. In other words, they are mutually beneficial.

4 0
3 years ago
Pinnacle Financial Services managers meet annually to create a list of potential future complications and plan how to respond to
Virty [35]

Answer: contingency

Explanation:

Contingency planning is a form of planning that is used by an organization in order to plan ahead in case an event occurs. Contingency plans can also be called a 'Plan B' due to the fact that it's an alternative action in case things does not go as planned.

Therefore, based on the question, Pinnacle is practicing contingency planning.

7 0
3 years ago
You invested 50% of the wealth in stock A and the remaining 50% in stock B. The expected rates of returns on A and B are given b
tresset_1 [31]

Answer:

B. 1.291%

Explanation:

The computation of the standard deviation is shown below;

= 2000 + 2001 + 2002 +  2003

= 0.5 × 14% + 0.5 × 16% + 0.5 × 15% + 0.5 × 17% + 0.5 × 16% + 0.5 × 18% + 0.5 × 17% + 0.5 × 19%

= 15% + 16%  + 17% + 18%

= stdev( 15% + 16%  + 17% + 18%)

= 1.291%

Hence, the correct option is b.

7 0
3 years ago
Upon a second and third offense, a driver can be charged $25 dollars for not maintaining adequate insurance coverage, $160 for r
xz_007 [3.2K]

If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

<h3>What is Road traffic offense?</h3>

A road traffic offense refers to any act that violated the Road traffic rule.

Some road traffic offense apportioned for a typical road traffic offense includes:

  • suspension of driver license
  • fines etc

In conclusion, If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

Read more about road traffic offense

<em>brainly.com/question/1138029</em>

8 0
2 years ago
The following is a partial trial balance for the Green Star Corporation as of December 31, 2021:
Vinil7 [7]

Answer and Explanation:

The presentation of the income statement is presented below:

Income statement

Revenues and gains:  

Sales revenue          1,400,000

Add: Interest revenue       35,000

Add: Gain on sale of investment    55,000

Total revenues and gains      1,490,000

Less:

Expenses and losses:  

Cost of goods sold    740,000  

General and administrative expenses 80,000  

Selling expenses   185,000  

Interest expense    45,000  

Total expenses and losses     1,050,000

Income before income tax       440,000

Income tax expense     - 135,000

Net income    305,000

EPS = Net income ÷ Number of common shares

                  ($305,000 ÷ 100,000)  3.05

2.

Income statement

Sales            1,400,000

Less: Cost of goods sold - $740,000

Gross profit      660,000

Less:

Operating expenses:  

General and administrative expenses $80,000  

Selling expenses $185,000  

Total operating expenses  -$265,000

Operating income $395,000

Other incomes and expenses  

Interest revenue  $35,000  

Gain on sale of investment $55,000  

Interest expense  -$45,000  

Total other income, net  $45,000

Less: Income before income tax $440,000

Income tax expense -$135,000

Net income $305,000

EPS = Net income ÷ Number of common shares

(305,000 ÷ 100,000)  3.05

7 0
3 years ago
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