Question: 1 Data analytics is the process of examining data sets in order to drew conclusions about the information they contain. If you haven't completed any
1 Data analytics is the process of examining data sets in order to drew conclusions about the information they contain. If you haven't completed any of the prior dets analytics cases, follow the instructions listed in the Chapter 1 Data Analytics case to get set us. You wi need to watch the videos referred to in the Chapters 1-3 Data Analytics ceses. No additionel videos are required for this case. Al short training videos can be found here In the Data Analytics Ceses in the previous chapter, you used Tableau to examine a dets set and create charts to examine two hypothetical) publicly traded companies GPS Corporation and Thi, Inc, to examine the effect of the Tex Cuts and Jobs Act of 2017 on these companies' operations and financial position. Now, you examine the funded status of the two companies' pension plans and any changes in that funded status during the previous ten years. You will also observe the change in the way components of pension expense are reported in the income statement Tableau Instructions Download the "GPS Fancials.xlsx" Excel fie available in Connect, or under Student Resources within the Library tab. Seve it to the computer on which you will be using Tableau. For this case, you will create calculations to produce the funded status of the companies' pension plans to allow you to compare and two companies After you view the training videos, follow these steps to create the charts you'll use for this case 1. Open Tableau and connect to the Excel spreadsheet you downloaded 2. Click on the Sheet 1 tab, at the bottom of the canvas, to the right of the Data Source at the bottom of the screen Drag "Company" and "Year" under "Dimensions" to the Columns shelf. Change "Year" to discrete by right-clicking and selecting "Discrete 3. Create a calculated field by clicking the "Analysis" tab at the top of the screen and selecting "Create Calculated field Name the calculation "Pension assetlability in the Calculation Editor window, from "Measures" drag "Pension Plan Assets", type a minus sign, and then drag "Projected Benefit Obligation". Make sure the window says that the calculation is valid and click OK Drag the newly created "Pension assetliability under "Measures" to the Row shelf Click on the "Show Me" and select "side-by-side bars Add labels to the bars by clicking on "Label" under the "Marks card" and clicking the box "Show mark label" Format the labels to Times New Roman, bold, black and 10-point font. Edit the color on the "Color Mark" card if desired 5. Change the tie of the sheet to be "Pension assetlability" by right-clicking and selecting "Edit title Format the title to Times New Roman, bold, black and 15-point font. Change the title of "Sheet 1 to match the sheet title by right-clicking, selecting "Rename and typing in the new title 6. Format all other labels to be Times New Roman, bold, black and 12-point font 7. Click on the e New W Worksheet tab on the lower left ("Sheet 2" should open) and follow the procedure outlined in Instruction #2 for the y and year Drag "Pension service cost" and "Pension non-service cost component under "Measures into the Rows shelf. Click on the "Show and select "side-by-side bars." Edit the axis of each by selecting the axis, right-clicking, and clicking on "Edit Axis Select "Fixed a and change the lower range to be 20 and the upper range to be 600 for both charts already included, add the labels to the bar chart. Add labels to the bars by clicking on "Label" under the "Marks" card and dicking the box "Show mark labels" Format the labels to Times New Roman, bold, black and 10-point font Edit the color on the "Mark" card desired 10. Change the title of the sheet to be "Pension Service Cost and Non Service Cost by right-clicking and selecting "Edit title." Format the site to Times New Roman, bold, black and 15-point font. Change the title of "Sheet 2" to match the sheet title by right-clicking selecting "Rename" and typing in the new title 11. Format all other labels to be Times New Roman, bold, black and 12-point fort 12. Once complete, save the file as "DA17 Your inta Required: Based upon what you find, answer the following questions A. In which years is GPS's pension plan underfunded during the period 2012-2021 B. in which years is Thu, Inc's pension plan underfunded during the period 2012-2021 C. in which year did the two companies begin reporting the service cost and non-service cost components of the net pension cost separately in their income statements? D. What are the (a) service cost and (b) non-service cost components of the net pension cost for GPS in 2001 (Enter your answerin thousands) AOPS's pension plan was underfunded from 2012 2018 B.TA 2012 2021 ct GPS Corporation 2018 2. Th 2018 0.1. Service D Question 2 2 pts In its income statement for the year just ended, Small Co. reported income before income taxes of $600,000. Small estimated that, because of permanent differences, taxable income for the year would be $560,000. During the year, Small made estimated tax payments of $100,000, which were debited to income tax expense. Small is subject to a 30% tax rate. What amount should Small report as income tax expense? $180,000 $68,000 $100,000