Which of the following fields of business analytics can be used to report what has happened in the past?
a. Databases and data warehouses
b. Descriptive analytics
c. Predictive analytics
d. Prescriptive analytics
B
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Tomkin Library System issues $5 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below:DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value01/01/2021 $5,500,000 06/30/2021$250,000 $220,000 $30,000 5,470,000 12/31/2021 250,000 218,800 31,200 5,438,800 What is the total cash paid for interest assuming the bonds mature in 7 years?
A. $5,000,000. B. $8,500,000. C. $5,500,000. D. $3,500,000.
Changes in accounting principles are caused by the FASB issuing a new accounting standard
Indicate whether the statement is true or false
The quick ratio:
a. is a measure of short-term debt-paying ability. b. calculation includes inventory. c. is used to evaluate profitability. d. is all of these.
Product line length indicates the
A. number of individual offerings in a product line. B. total number of products that the company has to offer its customers. C. number of product lines that the company has to offer its customers. D. total customer lifetime value associated with the offerings in a product line. E. number of intermediaries involved in the distribution of all the offerings in a product line.