Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Process of ABC Analysis
• Classification: On the origin of expected use, the items of inventory are categorized according to their categories and per unit Price of each item is found out.
• Ascertainment of Total Cost: The total cost is computed by multiplying the expected units to be used through per unit cost.
• Rank Determination: Cost-wise rank is found out for each item of inventory. First rank is allocated to the item along with the highest total cost.
• Computation of Ratio or Percentage: Two ratios/percentages are computed
(i) Percentage of number of units of all items to total units of all items.
(ii) Total cost of all items to the total cost of all items.
• Determination of ABC Category: ABC categories are formed through combining the items on the origin of their relative values.
Q. What do you mean by Franchise? Franchise - Legal arrangement whereby owner of a franchisor, trade name, contracts with a party who wants to use the name on a non-exclusive b
Question : The subsequent data pertain to a shop. The owner has made following sales forecasts for the first 5 months of the coming year.
Concept of financial Accounting Accounting is the art of recording, classifying and summarizing the business transactions and events. Double Entry System is the base for reco
following are the amounts of the assets and liabilities of St. Kitts Travel Agency at December 31, 2010, the end of the current year, and its revenue and expenses for the year. The
In the current year, Company A is formed with $630,000 in capital from the sale of 21,000 shares of stock at $30 a share. Company A, which has no other operations, immediately acqu
Ask questSarah is the sole distributor agent in her area for Holmes Kitchen Tiles. Sarah purchases the titles at a trade discount and annually in May receives an agency commission
What is Acid-test ratio A measurement of the capability of a business to meet its short-term commitments. It is considered by dividing excluding stock, current assets, by curre
Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material
is it compulsory to give premium for goodwill while entering into a business..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd