Choose three of the following five technologies/techniques and explain why you think it is helpful in accounting analytics based on your lab experience in this course. Use some examples in your explanation. Limit your answer to 500 words in total. A. XBRL B. Tableau C. VLOOKUP function D. Pivot table E. Regression

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A: 1. To determine the accuracy of the remaining prepaid account balance, I would examine the following…

Q: A debt of $10,000 with interest at 8% compounded quarterly is to be repaid by equal payments at the…

A: The formula we will be using is P = PMT*((1-(1/(1+r)^n))/r) Where, P is the present value of the…

Q: A CPA is not independent with respect to a company’s financial statements. The CPA may issue what…

A: Audit report is the opinion expressed by the auditor after careful examination of the books of…

Q: Comparative financial statements for Weaver Company follow:   Weaver Company Comparative Balance…

A: Solution: Net cash from operating activities using indirect method is computed by adjusting net…

Q: what is a debtor.

A: A business or person that owes money is called a debtor. If the debt is in the form of a loan from a…

Q: Top Manufacturer make shirts for discount retailer stores. They want to use a balanced scorecard to…

A: Balance scorecard is a method which shows a company's performance into 4 areas: Financial Customer…

Q: Terminology Matching Asset Turnover Ratio Current Ratio Days in Inventory Ratio Debt to Assets Ratio…

A: Terminology matching is a concept where some terminologies or terms are provided in one column and…

Q: Stuart Company operates three segments. Income statements for the segments imply that profitability…

A: Comparative income statement:  It is a statement showing the income and expenses of business of…

Q: E9-20 Journalizing transactions using the direct write-off method versus the allowance method During…

A: Answer -  The direct write-off method and allowance method are the two methods used to account for…

Q: Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current…

A: The liquidity ratios are performed to analyse the ability of business to pay off its short term…

Q: TAXES for the year ended December 31, 2011: Gross Sales, $223,000; Sales Returns and Allowances,…

A: Answer : Income statement :       Revenue   $223,000 Less :      sales return $11,200…

Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: The question asked to compute the sing king fund payment.   Future value: Future value refers to the…

Q: Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a…

A: The Perpetual Inventory System have continuous record of inventory by using various automated…

Q: An investment that costs $25,000 will produce annual cash flows period of 6 years. Given a desired…

A: Net present value is the current value of the future investment of the company. It shows that market…

Q: In the Caspian Co., indirect material is budgeted for $127,100 and factory rent is budgeted for…

A: The flexible budget is prepared on the basis of Budgeted rate anx actual production level. The fixed…

Q: Apex Ltd manufacturers’ one standard product, the standard marginal cost of which is as follows:…

A: Selling price per unit=Variable cost per unit+Contribution Margin per unit

Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

A: Answer  Since portia grant is an employee therefore the Federal Unemployment Tax FUTA @ 0.6% and…

Q: Which of the following sections of the statement of cash flows includes the issuance of stock and…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: The price of a railroad engine purchased by the Kenneth family for their business was $2,250.…

A: Depreciation represents the reduction in the value of asset over a useful life. It is considered as…

Q: TRUE /FALSE   in computing a partnerships business income the amount that can be claimed as CCA…

A: The answer for the True or false question and relevant explanation are presented hereunder : What is…

Q: The Polaris Company uses a job-order costing system. The following transactions occurred in October:…

A: ANSWER Here the question is asked to record the journal entries for the transaction and to prepare…

Q: Required: 1. Prepare an income statement showing the expected net operating income each year from…

A: Here I have calculated 1.Income statement  2.Simple rate of return  3. Payback period

Q: The following monthly data are available for the Charger Company and its only product, Product AJ:…

A: Contribution means the difference between the selling price and variable cost . Fixed cost when…

Q: Exercise 13 If Total capital of subsidiary is CU 300,000 and out of this CU 240,000 is owned by…

A: Minority interest is that portion of the equity that is not owned by the parent or holding company.…

Q: To complete the operating activities section of the statement of cash flows using the indirect…

A: INDIRECT METHOD OF CASH FLOW STATMENT   In order to determine the amount of cash created by…

Q: A corporation purchases 10,000 shares of its own $20 par common stock for $35 per share, recording…

A: Stockholders' equity is the amount of a company's assets that remain in its possession after all…

Q: Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity Payment Time…

A: PRESENT VALUE Present value (PV) is the current value of a future sum of money  The value in the…

Q: What is "balanced" in the balanced scorecard approach?

A: The correct answer is: (D)The emphasis on financial and non-financial performance measurements. The…

Q: Hurricane, an entity, had 1500 units of product Y at 30 June 20X8. The product had been purchased at…

A: As per International Accounting  Standards 2  in valuation of inventory  Inventory need to be valued…

Q: A product sells for $50 with variable costs of $36 per unit and annual fixed costs of $1,200,000. If…

A: Contribution Margin :— It is the difference between sales revenue and variable cost.    Number of…

Q: w months are planned as follows: 1. Demand: July 180,000 units, August 200,000 units, September…

A: Budget are the planned activity for collection and distribution of resources in such a way to…

Q: Which of the following statements is true?   I. To provide a basis for comparison of actual…

A: Budgeting - is a process of planning a budget by setting standards or targets with respect to…

Q: XZY Co. has several divisions. Division A produces and sells a gadget which it sold to the outside…

A: Transfer pricing is used when one component that's sold by one division is used by another division…

Q: The management of Wy Corporation would like to investigate the possibility of basing its…

A: The predetermined overhead rate is the rate of allocation of overhead to each unit produced in the…

Q: Consider three corporati same industry. In genera in this industry have a PE

A: Corporation- A corporation is a legal entity that, in the eyes of the law, has the identity of a…

Q: Trinity Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to…

A: The correct answer is: (A) Ending cash of $19,400   Ending balance of cash is computed as: Beginning…

Q: Select the incorrect statement regarding the quick ratio: a) The quick ratio is also known as the…

A: The quick ratio is given by the formula: Quick ratio = (Cash+Marketable…

Q: Current Attempt in Progress Windsor Company purchased an electric wax melter on April 30, 2025, by…

A: A journal is a detailed account that records all the financial transactions of a business, to be…

Q: At a rate of inflation of 2.3% per quarter, approximately how many months will it take for goods to…

A: Inflation defines that goods and services have become more expensive over time. For example, what…

Q: On January 15, the end of the first pay period of the year, North Company's employees earned $35,000…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: e accrual-based oportion of debt and assets. income statement and the ca

A: Statement of cashflow shows the inflow and outflow of cash transactions under operating activity ,…

Q: Question 3 You are required to prepare a sales ledger control account from the following for the…

A: The sales Ledger Control Account is generally prepared to check the accuracy of the individual trade…

Q: ABC Company has established a target rate of return of 12% for all of its divisions. In 2021,…

A: RETURN ON INVESTMENT ROI is help to Calculate the Benefits to an investor will receive in relation…

Q: White Water Rafting Company manufactures kayaks, which sell for $615 each. The variable costs of…

A: Introduction:- Absorption costing considers all costs of manufacturing as product costs irrespective…

Q: QUESTION 15 Cash Flow from Operations includes Income Statement information and changes in: O a.…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: Zoelle, married, died leaving a family valued at P15,000,000 composed of the house (conjugal) and…

A: When the owner of a residential property dies his property is transferred to his legal heirs. The…

Q: On the first day of the fiscal year, a company issues a $940,000, 10%, 5-year bond that pays…

A: Introduction:- When the face value of bond is higher than issue price of bonds then that represents…

Q: At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $12.6 million.…

A: DEPRECIATION EXPENSE Depreciation means gradual decrease in the value of an asset due to normal wear…

Q: What is good works net income or liss

A: The Income statement tells the profit or loss of the firm. It's main purpose is to figure out the…

Q: Cash Billing Due from Others Supplies Trucks Equipment Amounts Owed to Others Investment in Business…

A: Loan:- It is a form of debt incurred by an individual or an entity. The lender usually a…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.