Identify which prescriptive analytics technique should be used to answer the following questions. Select from cash flow
Question:
Identify which prescriptive analytics technique should be used to answer the following questions. Select from cash flow analysis, marginal/incremental analysis, goal-seek analysis, or scenario analysis.
Transcribed Image Text:
Example of Prescriptive Analytics Does it make financial sense to do one more printing of this textbook? Or is it better just to stick with the stock of textbooks now at the warehouse? What are the long-term cash flow consequences of an investment in new equipment? How will the number of our customers in Russia be affected by changing exchange rates between the U.S. dollar and the Russian ruble? What grade do I need to get on the final exam to get an "A" in this class? What is the overall impact on our customers of all possible outcomes of a trade war with a specific country? What level of sales is needed to break even with zero net profits? Should Apple make or outsource the manufacturing of its iPhones? Prescriptive Analytics Technique (Cash Flow Analysis, Marginal/Incremental Analysis, Goal-Seek Analysis, or Scenario Analysis)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Example of Prescriptive Analytics Does it make financial sense to do one more printing of this textb...View the full answer
Answered By
Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Introduction To Business Analytics
ISBN: 9781265454340
1st Edition
Authors: Vernon Richardson, Marcia Watson
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The technique for calculating a bid price can be extended to many other types of problems. Answer the following questions using the same technique as setting a bid price; that is, set the project NPV...
-
The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Texas Corporation for calendar year 2011. (1) Use this information to prepare a complete...
-
1. Evaluate the term "health" and the historical perspective on health promotion. 2. Examine health promotion and illness prevention teaching based on teaching principles, varied teaching learning...
-
Define liabilities. Identify several characteristics that distinguish liabilities from owners equity.
-
Which relative change is bigger in magnitude? Justify your answer. The change in the US population from 5.2 million to 7.2 million from 1800 to 1810; the change in the US population from 151.3 to...
-
What is the difference between product mix breadth and product line depth?
-
In a pure exchange economy with two goods, G and H, the two traders have Cobb-Douglas utility functions. Suppose that Tony's utility function is Ut = GtHt and Margaret's utility function is Um =...
-
An investment has an installed cost of $532,800. The cash flows over the four-year life of the investment are projected to be $216,850, $233,450, $200,110, and $148,820, respectively. a. If the...
-
Which scenario does an upper confidence bound in a time series represent? a. Most likely b. Worst-case c. Best-case d. Most unlikely
-
Why is a bar chart optimal for visualizing numerical data and a pie chart optimal for visualizing categorical data?
-
A medical researcher wants to determine whether exercising can lower blood pressure. She recruits 100 people with high blood pressure to participate in the study. She assigns a random sample of 50 of...
-
Your task is to check the internet and the?Common Vulnerabilities and Exposures (CVE) List?for networked IoT or?IoMT?devices with publicly known problems identified in the past six months.?? Select...
-
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2021. For the taxes, assume the second February payroll amounts were duplicated for the March 5 and March...
-
ABC Boating had a large fire that destroyed many of their boats ready to go to market. ABC decided to lay off a large number of employees rather than continue to pay them. The wages that this group...
-
HOW BEER IS MADE The beer-making process is an art. It takes time, patience and quite a bit of experimentation to find that perfect flavour. Once you have found the right mix, you can replicate it,...
-
Justine, an underwriter at NewWorld Insurance is working with her company's premium auditing department. Which one of the following is true regarding this collaboration? Available answer options...
-
Assume a basket of products cosst $5million in the base yar and the following is true in 2012. (the same basket of products cost $8million in 2012; GDP = $14.4 trillion; money wages = $96,000/year;...
-
One study found that the elderly who do not have children dissave at about the same rate as the elderly who do have children. What might this finding imply about the reason the elderly do not dissave...
-
A company manufactures three products: A, B, and C. The company currently has an order for 3 units of product A, 7 units of product B, and 4 units of product C. There is no inventory for any of these...
-
A traveler was recently stranded in her car in a snowy blizzard in Wyoming. Unable to drive any farther, the stranded motorist used her cell phone to dial 911 to call for help. Because the caller was...
-
Suppose a gift shop in Myrtle Beach has an annual demand for 15,000 units for a souvenir kitchen magnet that it buys for $0.50 per unit. Assume it costs $10 to place an order and the inventory...
-
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
-
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
-
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...
Study smarter with the SolutionInn App