The correct option is C) Act. Act is the sixth phase of the data analysis process.
<h3>What is the act in the data analysis process? What are the other steps involved in it?</h3>
The sixth step of the data is to act. It will provide the recommendations or solutions to the team and stakeholders for solving the business problems and makes the good decision.
Data analysis process involves the defining of the question, collection, cleaning, analyzing of the data and sharing the results.
Basically, it helps the business in making the informed and sound decisions.
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True. <span>The actual inventory holding cost incurred by an item depends on how long it actually spends in inventory. Holding costs are costs that happen when the inventory stays put and does not sell. The costs are calculated into the inventory costs along side of ordering and shortage costs. Holding costs can include the goods being damaged or spoiling due to the length of being held. Since they can be held for 5 days or 100 days (example) the total cost that is held depends on the length the items were held for. </span>
The depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,
<h3>What is the
depreciation expense?</h3>
This refers to the cost of an asset that has been depreciated for a single period such as in that year.
Depreciation expense = Cost - Salvage value / Useful life
Depreciation expense = $36,000 - $33,000 / (2 years (semi-annual charges)
Depreciation expense = $3,000 / 4
Depreciation expense = $750
Therefore, the depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,
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Answer:$192.200
Explanation: sales revenue ($135 × 6,200) ................................................. $837,000 Variable cost: .......................................................................... Direct materials ($49 × 6,200) ........................................... $303,800 Direct labor ($38 × 6,200) .................................................. 235,000 Variable manufacturing overhead ($6 × 6,200) .................. 37,200 Variable selling and administrative ($11 × 6,200) ............. 68,200 644,800 Contribution margin ............................................................... $192,200
Answer:
$26,700 excess
Explanation:
The amount of deficiency or excess can be determined only when the ending cash balance is known. The ending cash balance is the addition of the net movement in cash to the opening cash balance.
The net movement is the difference between the total receipts and the total payments or disbursement.
Total receipts for January
= $1,061,200
Total payments
= $984,500
Net movement = $1,061,200 - $984,500
= $76,700
Ending balance = $290,000 + $76,700
= $366,700
If the minimum cash requirement is $340,000
The amount of the (deficiency)/excess cash (after considering the minimum cash balance required) for January
= $366,700 - $340,000
= $26,700