Calculate the cost and profit percentages for General Electric for the 2003 and 2002 years; 2002 $
Question:
Calculate the cost and profit percentages for General Electric for the 2003 and 2002 years;
Transcribed Image Text:
2002 $ 2003 $ 2003 % 2002 % $ 132,210 $ 134,187 Total Revenues 38,833 14,023 37,189 14,017 Cost of Goods Sold Cost of Services Sold Interest, financial charges Other costs & expenses 10,432 52,645 10,216 50,247 $ 114,283 $ 113,319 Total Costs $ 18,891 $ 19,904 Earning Before Taxes
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
Total Revenues Cost of Goods Sold Cost of Services Sold Inte...View the full answer
Answered By
Muhammad Khurram
I have strong General Management skills to apply in your projects. Over last 3 years, I have acquired great knowledge of Accounting, Auditing, Microsoft Excel, Microsoft PowerPoint, Finance, Microsoft Project, Taxation, Strategic Management, Human Resource, Financial Planning, Business Planning, Microsoft Word, International Business, Entrepreneurship, General Management, Business Mathematics, Advertising, Marketing, Supply Chain, and E-commerce. I can guarantee professional services with accuracy.
4.80+
249+ Reviews
407+ Question Solved
Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
Question Posted:
Students also viewed these Business questions
-
You are working in the office of the vice president of administration at International Telecon (IT) as a senior financial planner. IT is a Fortune 500 firm with sales approaching $ 1 billion. IT...
-
Using the information in M6-16, calculate the gross profit percentage for 2013. How has Sellall performed, relative to the gross profit percentages reported for Walmart in the chapter? M6-16 Sellall...
-
Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales prices. Convert the following gross profit percentages based on cost to gross profit percentages...
-
Identify how balance sheet quality and earnings quality were impaired in each of the following accounting scandals: Waste Management 1988 - Falsely increased the useful lives of long-lived tangible...
-
Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture of certain special-duty auto transmissions used primarily for police and military...
-
Explain the following statement: In the taste for discrimination model, discrimination is practiced even though it is costly to do so. But in the statistical discrimination model, it is clear that...
-
List and discuss four characteristics of an effective sales presentation or demonstration.
-
Due to the poor quality of various semiconductor products used in their manufacturing process, Microlaboratories has decided to develop a QC program. Because the semiconductor parts they get from...
-
At what temperature will water boil at Lake Tahoe? Lake Tahoe isapproximately 1900 m above the sea level. The molar mass of air is29.0 g/mol. Assume that air pressure at sea level is 1.00 atm andthe...
-
Just Say No to Rugs is a manufacturer of high-quality prefinished wood flooring. Their customer base consists of private consumers, building and supply retailers, and construction companies. The...
-
Following is the Revenue from Continuing Operations from the Marriott International 2003 Annual Report: (in millions) Required a. Calculate the sales mix percentage for 2003, 2002, and 2001. b....
-
The following questions represent third step in the Financial Management Cycle analyzing the numbers. a. For the Lumberjack Hotel, discuss the actual January performance including dollar and...
-
A 1.00-L flask was filled with 2.00 moles of gaseous SO 2 and 2.00 moles of gaseous NO 2 and heated. After equilibrium was reached, it was found that 1.30 moles of gaseous NO was present. Assume that...
-
Saraswati Glass Works has an investment of Rs 30 crore divided into 30 lakh ordinary shares. The profitability rate of the firm is 20 percent and the capitalization rate is 12.5 percent. What is the...
-
Ace Service Company issued common stock for proceeds of $558,000 during 2025. The company paid dividends of $99,000 and issued a long-term note payable for $375,000 in exchange for equipment during...
-
Over a four - year period, LaKeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. ( Round...
-
at the beginning of the year swift inks work in process inventory account had a balance of $ 1 2 0 , 0 0 0 during the year $ 2 5 0 , 0 0 0 of direct materials were used in production and $ 7 2 , 0 0...
-
The Wagner Company tries to follow a pure "residual" dividend policy. Earnings and dividends last year were $100 million and $20 million respectively. Anticipated earnings for this year are $80...
-
Elijah is employed as a full-time high school teacher. The school district where he works recently instituted a policy requiring all of its teachers to start working on a masters degree. Pursuant to...
-
Make an argument that Williams had a right to delay the closing until after August 1.
-
Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, which is in the 25% marginal bracket, owns 15% of Marmots stock. Gerald, an individual taxpayer in the 25%...
-
Barbara owns 40% of the stock of Cassowary Corporation (a C corporation) and 40% of the stock of Emu Corporation (an S corporation). In the current year, each corporation has operating income of...
-
Determine whether the following expenditures by Cuckoo Corporation are organizational expenditures, startup expenditures, or neither. a. Legal expenses incurred for drafting the corporate charter and...
-
The Kuwait Finance House (KFH) had the following transactions during the month of July 2015: 1) A customer withdraws KD 4,000 in cash from his saving account. 2) A customer deposited KD 7,000 to his...
-
4) Soundproofing in a studio reduces ambient noise from 41 dB to 30 dB. What percent of the ambient sound intensity is still making it through? Round your answer to the nearest 1%.
-
Following are the financial data for Binari Jaya Sdn Bhd as at 3 1 December 2 0 2 2 . Revenue (Sales) RM 1, 370, 100 Account Receivable RM 540, 000 Long Term Loan RM 690, 000 Cost of goods sold RM...
Study smarter with the SolutionInn App