Question
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
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: Required: 1. The majority of the companys expenditures are paid using which source of capital? 2. Which expenditure costs the company the most money? 3. Dishware for the coffee shop is paid using which sources of capital? 4. Which of the following statements is true regarding the results displayed in the Snakey chart? 5. Which of the following tasks would be an appropriate use of a Snakey chart? PrevQuestion 2 of 5 Total2 of 5Visit question mapNext
Snakey Chart of Expenditures Building Rent 21.2% Coffee beans 15.7% Cash 75.5% Dishware 10.2% Electric bill 4.9% Furniture 5.9% Office supplies 6.4% Payroll 25.3% Credit 12.8% Petty Cash 11.8% Rick Yannis, Manager 7.7%Step by Step Solution
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