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...
-
Match the term to its definition. Grief a. Stage of grief that allows the person an attempt to resolve the pets problem by any means possible b. What is considered acceptable by people in regards to...
-
Alan and Catherine Murray filed a voluntary petition under Chapter 13 in September 2014. The Murrays had student loans totaling \($77,524\) in principal and more than \($200,000\) in accrued interest...
-
The condensed income statement for the Consumer Products Division of Milner Industries Inc. is as follows (assuming no service department charges): Sales ...............$ 7,000,000 Cost of goods sold...
-
1. According to Erikson, young adults must resolve the psychosocial conflict of. 2. Why are formal rites of passage important? What has Western society lost by eliminating them? What has it gained?...
-
It is early April 2021 and you, CPA, work in a mid-sized accounting firm in Regina, Saskatchewan. While you normally work on audits, you have requested to participate in the personal tax pool this...
-
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...
-
Describe the purpose of ventilating a building.
-
what would the taxes proration be based on the following information? a propety settlement date of july 9 th with a market value $ 6 5 , 0 0 0 assessed at 1 7 % the property county and township rate...
-
Waterways markets a simple water control and timer that it mass produces Last year, the company sold 7 3 5 , 0 0 0 units at an average unit selling price of $ 3 . 6 0 . The vairable costs were $ 1 ,...
-
Compare and contrast the functions of management accounting and financial accounting in the context of organisational decision - making and financial reporting and discuss how the two affect the...
-
Ed is considering incorporating his T shirt shop. He is concerned with the potential liability for the shop's obligations in case he encounters financial difficulties in the future. Ed realizes that...
-
The statement of financial position of Stancia SA at December 31, 2018, includes the following (in thousands). Transactions in 2019 include the following. 1. Accounts receivable of R$138,000 were...
-
2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...
-
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...
-
A thermokinetic model for the concentration u and temperature q of a mixture consists of the following equations (Gray and Scott 1994): du dt dq = -ki-kzuek, = k4uek39-k5q. dt The initial conditions...
-
Briefly describe the connection between Income Statement and Balance Sheet.
-
Does the possession of a core competence guarantee success? If yes, explain why. If no, explain why.?
Study smarter with the SolutionInn App