Question
In: Accounting
Our company has 5 business units that we classify as operating segments. Financial data for these...
Our company has 5 business units that we classify as operating segments. Financial data for these units follows (dollar values in thousands):
| A | B | C | D | E | |
| Sales | 2000 | 20000 | 300 | 3000 | 2000 |
| Profit | 100 | 5000 | (300) | (20) | (3000) |
| Assets | 3000 | 15000 | 1000 | 1000 | 1500 |
Calculate the quantitative thresholds and determine which of these operating segments should be disclosed in the footnotes to our financial statements? Please answer "yes" in the area where the threshold is met and "no" where the threshold is not met.
| A | B | C | D | E | |
| Sales | |||||
| Profit | |||||
| Assets |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Our company has 5 business units that we classify as operating segments. Financial data for these...
Our company has 5 business units that we classify as operating
segments. Financial data for these units follows: (dollar values in
thousands) A B C D E Sales $450 $1,275 $1,500 $4,500 $7,500 Profit
($300) $750 ($449) $1,500 $3,750 Assets $4,800 $1,800 $1,950
$12,000 $18,000 Required: Calculate the quantitative thresholds and
determine which of these operating segments should be disclosed in
the footnotes to our financial statements? Please answer "yes" in
the area where the threshold is met and "no"...
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...
Please define and explain leverage, business risk, sales risk, operating risk, and financial risk, and classify...
Please define and explain leverage, business risk, sales risk,
operating risk, and financial risk, and classify risk.
Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear...
Camren Corporation has two major business segments-Apparel and
Accessories. Data concerning those segments for December appear
below:
Sales revenues,
Apparel
$
717,000
Variable expenses,
Apparel
$
397,000
Traceable fixed
expenses, Apparel
$
125,000
Sales revenues,
Accessories
$
771,000
Variable expenses,
Accessories
$
510,000
Traceable fixed
expenses, Accessories
$
176,000
Common fixed expenses totaled $181,000 and were allocated as
follows: $74,000 to the Apparel business segment and $107,000 to
the Accessories business segment.
Required:
Prepare a segmented income statement in the...
On June 1, our company purchases $10 million book value of corporate bonds that we classify...
On June 1, our company purchases $10 million book value of
corporate bonds that we classify as available-for-sale (AFS). We
intend to sell these securities on September 30 to meet planned
funding needs. Since an increase in interest rates will cause the
fair value of the securities to decrease, we decide to hedge
against the risk of loss in the fair value of the debt securities
that would result if the interest rates were to rise. As a result,
we...
Tuttle Company discloses supplementary operating segment information for its three reportable segments. Data for 20X3 are...
Tuttle Company discloses supplementary operating segment
information for its three reportable segments. Data for 20X3 are
available as follows:
Segment A
Segment B
Segment C
Sales
$
500,000
$
300,000
$
200,000
Traceable
operating expenses
250,000
120,000
90,000
Additional 20X3 expenses include indirect operating expenses of
$100,000. Appropriately selected common indirect operating expenses
are allocated to segments based on the ratio of each segment's
sales to total sales. The 20X3 operating profit for Segment A
was:
Multiple Choice
$200,000
$180,000...
Goodwin Company has three segments: 1, 2, and 3. Data regarding these segments follow: Segment 1...
Goodwin Company has three segments: 1, 2, and 3. Data regarding
these segments follow:
Segment 1
Segment
2 Segment
3
Contribution to indirect
expenses
$
432,000
$ 208,800
$
72,000
Assets directly used by and identified
with the segment
3,600,000
1,440,000
360,000
a. Calculate the return on investment for each segment. Rank
them from highest to lowest.
b. Assume the cost of capital is 10% for a segment. Calculate
the residual income for each...
Alternative problem E Goodwin Company has three segments: 1, 2, and 3. Data regarding these segments...
Alternative problem E Goodwin Company has three
segments: 1, 2, and 3. Data regarding these
segments follow:
Segment 1
Segment 2
Segment 3
Contribution to indirect expenses $
432,000 $ 208,800
$ 72,000
Assets directly used by and identified
with the segment
3,600,000
1,440,000 360,000
a. Calculate the return on investment for each segment. Rank
them from highest to lowest.
b. Assume the cost of capital is 10% for a segment. Calculate
the residual income...
The operating revenues of the three largest business segments for Time Warner, Inc., for a recent...
The operating revenues of the three largest business segments
for Time Warner, Inc., for a recent year follow. Each segment
includes a number of businesses, examples of which are indicated in
parentheses.
Time Warner, Inc.
Segment Revenues
(in millions)
Turner (cable networks and digital media)
$93,600
Home Box Office (pay television)
95,100
Warner Bros. (films, television, and videos)
81,700
Assume that the variable costs as a percent of sales for each
segment are as follows:
Turner
23%
Home Box Office...
1.) Our company has reviewed the utilities bills for our company. We have determined that the...
1.)
Our company has reviewed the utilities bills for our company. We
have determined that the highest and lowest bills were $5,600 and
$3,200 for the months of January and September. If we produced
1,200 and 600 units in these months, what was the fixed cost
associated with the utilities bill?
Group of answer choices
$512.00
$560.00
$620.00
$800.00
2.)
Which of the following is true?
Group of answer choices
An increase in sales price per unit decreases the contribution...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Kant says that to act morally is to act out of duty. How does this differ...
- Suppose you are trying to determine the capacity (in gallons) of the gas tank needed on...
- List the arithmetic operators used in BASIC and state their priorities of execution in a statement....
- Describe the espoused values of a company you have worked for (or been exposed to -...
- Can you explain to me the differnces in how we paid for the health care (access...
- Discuss proactive and defensive marketing in context to the company position in the hypothetical market structure...
- Write a java code that could be used to show the simulation of a tornado. use...
ADVERTISEMENT