2. Complete an ABC analysis of the 5 items that GE Corporation carries in inventory.Item #Annual Sales% of Annual Units% of AnnualCumulative % ClassSoldSalesof Sales1$10,000,00033.75%2$4,800,0006.75%3$950,00016.03%4$3,500,00029.54%5$165,00013.93%Total$19,415,000100%Classify the items according to ABC approach using dollar value of annual sales and then describe howmight inventories of each category be controlled.

Answered: ,000,000 33.75% B00,000 6.75% F0,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If assets are $348,000 and liabilities are $188,000, then equity equals: 3. Multiple Choice 1.66 polnts 02:58:50 $160,000. $188,000. $348,000. $536,000. $884,000. Mc Graw ...
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Provide a paragraph summary of the following figures
119il 12.6KB/s 8:48 VOLTE 60% Q2.pdf 1 The following is the Schedule of balances as on 31.3.1988 extracted from the bo Gavaskar, who caries on business under the name and style of Messrs Gavaskar Visuanin Co., at Bombay: Dr. Cr. Amount Amount Particulars Rs Rs 1,400 S Cash in Handr. •Cash at Bank Cn S Sundry Debtors lor, 2,600 86,000 Stock as on 1.4.1987– 62,000 Furniture & Fixtures 21,400 Office Equipment Buildings 16,000 60,000 Motor Car 20,000 Sundry Creditors Loan from Viswanath 43,000 30,000 Reserve for Bad Debts 3,000 Purchases u Purchase Returgs pr 1,40,000 2,600 Sales- Sales Returns 2,30,000 Salaries 4,200 Rent for Godown Pr 11,000 Interest on loan from Viswanath . 5,500 Rates and taxes 2,700 Discount allowed to Debtors 2,100 Discount received from Creditors 2,400 Freight on Purchases Carriage Outwards Drawings Printing & Stationery Electric Charges 1,600 1,200 2,000 12,000 1,800 2,200 Contd.... 1/2
00 Sarasota Industries has Cash of $220,000, Accounts receivable of $130,000, inventory of $180,000, equipment of $300,000 and accounts payable of $175,000. What is the company's: Working Capital Current ratio Quick ratio ו T רJ D Focus A.-ニーーL הד ד 000 UL U T e1 of 3 545 words 1:20 AM P ツ 10/28/2021 50°F P Type here to search M Get more done with the latest Intel Core processor
св 750-600 350 CA 600 + 150 = 750 = 42.8% CL = 150 + 200 350 14. A firm has AED 600 million in inventory, AED 1,200 million fixed assets, AED 250 million in accounts receivables, AED 150 million in accounts payable, notes payable AED 200 and AED 2,100 million in total assets. What is the quick ratio? Quick ratio = CA- inventory 4
How much could you save for retirement if you chose to invest the money you spend on Starbucks coffee in one year? Assume you buy one venti cup of caffe latte for $4.15 each weekday for 50 weeks and can invest the total amount in a mutual fund earning 5% compounded annually for 30 years. (Use the Table 12.1 provided.) Note: Round your answer to two decimal places.

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,000,000 33.75% B00,000 6.75% F0,000 16.03% 500,000 29.54% E5.000 12 92%