Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you a recent OM graduate to divide these item into ABC classification. Fill in the blanks and then answer the following questions. round dollar volume to the nearest number and percentage of dollar volume to two decimal places.
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 ___ ___
BB 4000 12 48,000 4.89
CT 1500 45 67,500 6.60
D1 6000 20 _____ _____
E9 1000 20 20,000 1.95
F3 500 500 ____ _____
G2 200 1500 300,000 29.34
H2 600 20 12,000 1.17
I5 1750 10 ____ ___
J8 2500 5 12,500 1.22
Based on the percentages of dollar volume, Item A2 should be classified as _____.

Answers

Answer 1

1. The blanks are filled with the correct values and each item classified according to the ABC classification as follows:

A - outstandingly important

G2                200               1500          300,000                      37.62%

A2             3500                   50            175,000                      21.94%

D1              6000                  20            120,000                     15.05%

B - of average importance

CT              1500                  45               67,500                       8.46%

BB             4000                   12              48,000                       6.02%

 

C - relatively unimportant

F3               500                500             25,000                        3.13%

E9              1000                  20             20,000                        2.51%

I5               1750                  10               17,500                        2.19%

J8             2500                   5               12,500                        1.57%

H2              600                  20              12,000                        1.50%

2. Item A2 is classified as A - outstandingly important.

Data and Calculations:

Item  Annual Demand  Cost\Unit   Dollar Volume   % of Total Dollar Volume

A2             3500                   50            175,000                      21.94%

BB             4000                   12              48,000                       6.02%

CT              1500                  45              67,500                       8.46%

D1              6000                  20            120,000                     15.05%

E9              1000                  20             20,000                        2.51%

F3               500                500             25,000                        3.13%

G2              200               1500          300,000                     37.62%

H2              600                  20              12,000                        1.50%

I5               1750                  10               17,500                        2.19%

J8             2500                   5               12,500                        1.57%

Total Dollar Volume                          797,500                         100%

Percentages of dollar = Dollar Volume/Total Dollar Volume x 100

Thus, based on the percentages of dollar volume, Item A2 should be classified as A - outstandingly important.

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Related Questions

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a
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b
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c
prevents employment discrimination of applicants with disabilities

d
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Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses seem less than they actually were, and “cooked the books” to make their income look much higher than it was.

Identity 2 reasons why it is important for a young adult to establish credit.

Answers

Explanation:

Establishing credit is essential for young adults, as it involves supporting their financial needs in the long run.  

Reason 1: Establishing credit reflects a borrower's creditworthiness.

When you apply for a credit card, acquire a vehicle through financing, and even renting an apartment or buying a home all involves the creditors looking at the timeliness of your payments.  Credit cards or any type of loans are forms of debt (liabilities).  Creditors are also in the business of making money. Thus, they want to make sure that they are loaning their funds to a trustworthy borrower.

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Kiwi Airlines has fixed operating costs of $5.8 million, and its variable costs amount to 20 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Revenues for the firm are $8 million and the firm is in the 40 percent corporate income tax bracket. What is the firm's degree of financial leverage

Answers

Kiwi Airlines' degree of financial leverage is 1.36.

Data and Calculations:

Fixed operating costs = $5.8 million

Revenue = $8 million

Variable costs = 20% of sales = $1.6 million ($8 x 20%)

Earnings before interest and taxes = $600,000 ($8 - $5.8 - $1.6 million)

Bonds outstanding = $2 million

Coupon interest rate = 8%

Interest expense = $160,000 ($2,000,000 x 8%)

Earnings before taxes = $440,000 ($600,000 - $160,000)

Corporate income tax = 40%

Income Tax Expense = $176,000 ($440,000 x 40%)

Net Income = $264,000 ($440,000 - $176,000)

Degree of financial leverage = earnings before interest and taxes/earnings before taxes

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= 1.36

Thus, Kiwi Airlines' degree of financial leverage is 1.36.

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Answer:

The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.

Explanation:

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Answers

The practice of brokers transacting business online have been more increasing in recent time.

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Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc

While some brokers provides their services in contact with clients, some brokers provide their services online.

In conclusion, the practice of brokers transacting business online have been more increasing in recent time.

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An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
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Answers

Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.

Stock deduction

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Food and beverage $3,400

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Less 50% Limitation

Deduction $3,350

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Inconclusion the amount that Stork can deduct for this event is $3,350.

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