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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A B D E F A B C D E 2 Market Capitalization, in millions 2 YUM ZTS AAPL Market (OEX) 4 3 31/01/18 28506.29 37389.63 369899.4 15851230 4 5 Monthly prices 7 6 Dates YUM ZTS АAPL Market (OEX) 8 7 31/01/18 84.59 76.73 87.3 1251.42 8 28/02/18 81.38 80.86 75.74 1201.87 10 11 9 30/03/18 85.13 83.51 74.61 1157.37 30/04/18 31/05/18 12 10 87.1 83.48 77.75 1160.73 13 11 81.33 83.7 81.24 1188.91 12 29/06/18 78.22 85.19 82.73 1194.5 14 15 13 31/07/18 79.29 86.48 81.51 1241.76 16 14 31/08/18 86.89 90.6 80.17 1286.9 17 15 28/09/18 90.91 91.56 85.02 1294.27 18 Please show full working 19 a. What is the beta for each stock 3.
* 24 Study the below and answer the questions that follow. Table 2.4 (Millions Company A Company B / Company C Now- Current Assets R136 822 & 124 948 104 516 Total Asset R231945 8227291 256 718 Inventories R5412 26454 Rio 343 Non-Current Liabilities 245232 R34 142 R53 434 Total Liabilities R75231 285 010 R95 010 Calculate the quick ratio of all companies using table
Probability of financial Value of debt distress $0 0% $2,500,000 1% $5,000,000 2% $7,500,000 4% $10,000,000 8% $12,500,000 16% $15,000,000 32% $20,000,000 64%
Nn. 115.
After carefully exmaining your budget, you determine you can manage to set aside $350 per year. You set up an annuity due of $350 annually at 6% annual interest. How much will you have contributed after 22 years? What is the future value of the annuity after 22 years? How much interest will the annuity have earned? E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. Your contribution to the annuity will be $ (Round to the nearest cent as needed.)
5
Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar): Given forecasted sales of 2015: $6,500 b- The tax rate will be 40% in 2015. The company expected to distribute dividends of $750 in 2015. The interest rate on all interest-bearing loans will be 5% annually in 2015. The company is not intending to make changes to its fixed assets a- C- d- e- 1- The forecasted cost of goods sold for 2015 is expected to be: O a) $3,300 Ob) $3,738 c) $3,000 d) $4,250 e) None of the above. 2- Forecasted fixed expenses amount for 2015 is expected to ber
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
Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********
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
Rosa Burnett needs $6,000 in three years to make the down payment on a new car. How much must she invest today if she receives 2.5% interest annually, compounded annually? Click the icon to view the present value of $1.00 table. She must invest $ (Round to the nearest cent as needed.)
40"l1贪A N 65% D 3:19 +968 9925 1453 8 minutes ago These are selected account balances on December 31, 2011. Land (location of the corporation's office building) $100,000; Land (held for future use) 150,000; Corporate Office Building 600,000; Inventory 200,000; Equipment 450,000; Office Furniture 100,000; Accumulated Depreciation 300,000. What is the total amount of non- current assets that will appear on the statement of financial position? Select one: a. $1,100,000 b. $1,300,000 C. $1,600,000 d. $950,000 口口

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