project number 6
The following Tableau Dashboard shows a Snakey Chart for Rumors Coffee Inc., a local coffee shop in the Midwest. Rumors Coffee Inc. pays for its expenditures using three sources of capital; cash, petty cash, and a line of credit. The managers at Rumors Coffee Inc. are trying to gain a better understanding of how these three sources of capital are utilized to pay expenditures. One method of conducting this analysis is to prepare a Snakey chart, which is often used for tracking cost flows. The Snakey chart below connects the three accounts used to pay company expenditures (cash, petty cash, and credit) to the purpose of each expenditure. The colors in the Snakey chart correspond to the accounts used to pay the expenditure and the size of the line corresponds with the dollar value of the expenditure (i.e., the larger the line, the higher the cost). Use the Snakey chart to answer the following questions: The majority of the company's expenditures are paid using which source of capital? \begin{tabular}{|l|} \hline Cash \\ \hline Petty cash \\ \hline Credit \\ \hline \end{tabular} Which expenditure costs the company the most money? \begin{tabular}{l} \hline Building rent \\ \hline Coffee beans \end{tabular} Dishware for the coffee shop is paid using which sources of capital? \begin{tabular}{|l|} \hline Cash only \\ \hline Credit only \\ \hline Cash and petty cash \\ \hline \end{tabular} Which of the following statements is true regarding the results displayed in the Snakey chart? The company primarily relies on a line of credit to cover company expenditures. Managers should look closely at petty cash expenditures to protect against fraudulent activity. Petty cash is used to pay less than 1% of the company's expenditures, which is an appropriate use of the pelty cash account. This company pays its employees using a line of credit. Which of the following tasks would be an appropriate use of a Snakey chart? Trying to determine the flow of inventory from a company's distribution centers to its retail outlets. Tracking employee reimbursement costs to determine the types of expenses most often paid. Tracking energy usage to determine which sources consume the most power. All of these are correct. The following Tableau Dashboard shows a Snakey Chart for Rumors Coffee Inc., a local coffee shop in the Midwest. Rumors Coffee Inc. pays for its expenditures using three sources of capital; cash, petty cash, and a line of credit. The managers at Rumors Coffee Inc. are trying to gain a better understanding of how these three sources of capital are utilized to pay expenditures. One method of conducting this analysis is to prepare a Snakey chart, which is often used for tracking cost flows. The Snakey chart below connects the three accounts used to pay company expenditures (cash, petty cash, and credit) to the purpose of each expenditure. The colors in the Snakey chart correspond to the accounts used to pay the expenditure and the size of the line corresponds with the dollar value of the expenditure (i.e., the larger the line, the higher the cost). Use the Snakey chart to answer the following questions: The majority of the company's expenditures are paid using which source of capital? \begin{tabular}{|l|} \hline Cash \\ \hline Petty cash \\ \hline Credit \\ \hline \end{tabular} Which expenditure costs the company the most money? \begin{tabular}{l} \hline Building rent \\ \hline Coffee beans \end{tabular} Dishware for the coffee shop is paid using which sources of capital? \begin{tabular}{|l|} \hline Cash only \\ \hline Credit only \\ \hline Cash and petty cash \\ \hline \end{tabular} Which of the following statements is true regarding the results displayed in the Snakey chart? The company primarily relies on a line of credit to cover company expenditures. Managers should look closely at petty cash expenditures to protect against fraudulent activity. Petty cash is used to pay less than 1% of the company's expenditures, which is an appropriate use of the pelty cash account. This company pays its employees using a line of credit. Which of the following tasks would be an appropriate use of a Snakey chart? Trying to determine the flow of inventory from a company's distribution centers to its retail outlets. Tracking employee reimbursement costs to determine the types of expenses most often paid. Tracking energy usage to determine which sources consume the most power. All of these are correct
