Question

In: Accounting

A company has five business units that may be reportable asbusiness segments. Data for these...

A company has five business units that may be reportable as business segments. Data for these entities is as follows:

A ($000)
B
C D E
Sales $621 $853 $1,237 $2,832 $4,720
Profit 103 (218) 832 1.337 (583)
Assets 1,200 2,780 2,324 4,280 8,321

Submission Requirements:

  • Using the ACT470_Mod06-Option01.xlsx Excel spreadsheet in the Module 6 folder, identify the threshold base for each category above and signify (yes/no) if each business segment is reportable by category.
  • Review the grading rubric following this assignment, to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
ACT470-Module 6-Option 1
Segment Test: Quantitative Thresholds
($1,000s) A B C D E Profit Loss
Sales
Profit
Assets

Solutions

Expert Solution

  A b C D E Total Profit Loss
Reportable segments Yes Yes Yes Yes Yes      
Sales $621 $853 $1,237 $2,832 $4,720 $10,263    
% to total 6.1 8.3 12.1 27.6 46.0 %    
Profit 103 -218 832 1.337 -583   936.337 -801
% of total profit for profits and for loss total losses 11.0 27.2 88.9 0.1 72.8 %    
Assets 1,200 2,780 2,324 4,280 8,321 $18,905    
% to total 6.3 14.7 12.3 22.6 44.0 %    
                 
All are reportable segments              
                 
                 
I think 1.337 is $1337 may be tyo error              
  A b C D E Total Profit Loss
Reportable segments No Yes Yes Yes Yes      
Sales $621 $853 $1,237 $2,832 $4,720 $10,263    
% to total 6.1 8.3 12.1 27.6 46.0 %    
Profit 103 -218 832 1337 -583   2272 -801
% of total profit for profits and for loss total losses 4.5 27.2 36.6 58.8 72.8 %    
Assets 1,200 2,780 2,324 4,280 8,321 $18,905    
% to total 6.3 14.7 12.3 22.6 44.0 %    
                 
                 
Revenue,profit or loss ,assets are 10% or more of its total values respectively        
are operating segments                
                 
               

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