Answer:
The correct answer is True.
Explanation:
The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis and presentation of commercial information. The objective of Business Intelligence is to support better business decision making.
The automatic aspect of Business Intelligence should not go unnoticed. Daily information monitoring allows you to evaluate performance, monitor inventory and track expenses in real time.
Planning strategies without a thorough data analysis is like aiming in the dark. Business intelligence lights the way to make the best decisions in the management of your hotel.
The usefulness of technology to take data from the environment for strategic knowledge is evident as soon as it is launched. By extracting essential data from the environment and presenting it on dashboards, business intelligence allows managers and managers to make informed strategic decisions.
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It is called value factor. There are two kinds of value factor one is present value factor and second is future value factor. The business or anything in the business has their value on their own. The future value factor is used to calculate the future value of the amount per dollar of its present value. It is the amount greater than a dollar and you can see this on the table when you calculate the future value or FV. Present Value factor is based on the time and money when you borrow or it is the debt that can grow in the span of time.
Answer:
$31 million
Explanation:
The computation of the amount of cash paid to suppliers of merchandise during the reporting period is shown below:
= Costs of goods sold + increase in inventory - increase in accounts payable
= $33 million + $3.8 million - $5.8 million
= $31 million
The Costs of goods sold + increase in inventory is also known as purchase of inventory
Answer and Explanation:
The cost driver refers to the change in the activity units level with respect to the change in activity cost
There are various activities held and according to that the cost driver is also there so that it could be allocated
Just like
Activities Cost driver
1) Materials handling - Number of Requisitions
2) Machine setups - Number of Setups
3) Factory machine maintenance - Machine Hours Used
4) Factory supervision - Number of Employees
5) Quality control - Number of Inspections
Material handling should be based on allocating in the number of requisitions
And the same is applied for other activities