Solve the Problem A)


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question 37

Multiple Choice

Solve the problem.
-A car dealer is deciding what kinds of vehicles he should order from the factory. His sales report for the preceding period is shown below. Construct a Pareto chart to represent the sales of each type of vehicle as percentages.
$$\begin{array} { r | r } \text { Vehicle } & \text { Sales } \\\hline \text { Economy } & 16 \\\text { Sport } & 4 \\\text { Family } & 28 \\\text { Luxury } & 8 \\\text { Truck } & 24\end{array}$$

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Definitions:

Physical Inventory

A process of counting and verifying the actual items of inventory on hand, typically conducted at the end of a fiscal period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, assessed before the new period begins.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Balance Sheet

A financial statement that shows the assets, liabilities, and shareholders' equity of a company at a specific point in time.