When Using an ABC Inventory Analysis,the Inventory Items That Make

question 14

Multiple Choice

When using an ABC inventory analysis,the inventory items that make up approximately percent but account for approximately _ percent of total costs are classified as B items.

• A)75- 80;75- 80
• B)75- 80;10- 15
• C)10- 15;10- 15
• D)10- 15;75

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Definitions:

Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Net Loss

The amount by which a company's total expenses exceed its total revenues, indicating a negative financial performance.

Insurance Expense

The cost incurred from purchasing insurance policies, recognized over the period to which the insurance coverage relates.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.