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Accountants are the traditional stewards of accounting information and are in-tune with the financial health of an organization. As data analytics becomes a more prevalent force within the business world, accountants acquire new skills in this area. In doing so, they have become strategic business partners with decision makers. Which of the following is an example of a non-accounting skill expected of modern accountants by management?

Sharon is the marketing manager for Smith Inc., and she has decided to launch a new campaign in the next couple of months. For this to be successful, Sharon will need to accumulate data and determine how to best target her demographic of young working professionals. Which of the following is an example of hard data that may be helpful as she plans her campaign?

Dan is the Chief Information Officer for Humphrey Company, and he is reviewing security-related policies for the organization. Humphrey Company collects a wide array of data from its employees and understands the importance of it. Which of the following is an example of an appropriate policy or practice based on the principles of proper data usage?

Which of the following is the most appropriate measure of the outputs of Zach’s Accounting LLP to use when conducting cost-volume-profit (CVP) analysis?

Eugene’s Environmental Consulting Service LLP had the following operating results last month. Service revenues amounted to $50,000, variable costs were $24,000, and fixed costs were $10,000 for the month. Based on this information, which of the following statements is correct about last month’s results?

Rhoades Corp. is a law firm. They continue to bring on new associates because they continue to attract new clients and cases. Their accounting department compiled the following information for the three years they have been in operation:What is the average revenue for Years 1 to 3?

Which statement regarding break-even analysis is true?

Sharon is the marketing manager for Smith Inc., and she has decided to launch a new campaign in the next couple of months. For this to be successful, Sharon will need to accumulate data and determine how to best target her demographic of young working professionals. Which of the following is an example of soft data that may be helpful as she plans her campaign?

Fancy Footwear is a premier designer and manufacturer of designer shoes for women. Over the past two years, they have concerted a lot of effort into both their Boots and Heels divisions. The results of their efforts are as follows:Management is interested in analyzing this data. Find out whether Boots or Heels had a greater percent change in the cost of goods sold (COGS) from Year 1 to Year 2.

Quentin Company is considering whether it should eliminate a product line. Currently, the company has fixed costs which are allocated to all product lines. Should Quentin Company eliminate the product line, the fixed costs currently allocated to the product line will have to be allocated to the other remaining product lines in total. If the product line is eliminated,