Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):

Consider the following questions independently. None of the six segments has a primarily financial nature.

a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure?

b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments?

c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer?

d. If each of these six segments has a profit or loss (in thousands) as follows, which warrants separate disclosure? (Select all that apply.)

Pretend you own your own company which makes T-Shirts to sell to area souvenir shops, why would you be interested in taking a cut in profit for offering credit terms to your retailer customers?

If the company decides to move forward with its international expansion, what types of new customer categories will be created? Will the new customer constituents resemble the existing ones? Perform a hypothetical customer profitability model analysis on the new customers.

There are many ways to collect data on target customers. What are some of the legal and ethical factors relating to obtaining and and using consumer data? How do you ensure your company is doing the right thing with collected data?

The role of data will be very important in the implementation of supply chain, because there will be three parties: vendor / suppliers, company, and customers.

Give one example of a case in the implementation of "global supply chain security" linked to those three parties.

1. Provide an example of how feedback from customers can be used as part of a control system.

2. How does EVA give a company a more accurate picture of its profitability than does profit margin?

Stoney Run Construction Company (U.S. GAAP) enters into a 3-year contract to build a new warehouse facility. Information for Years 1, 2, and 3 is shown below:

Question 4:

Calculate the gross profit booked in Year 2:

Question 5:

Book the following journal entries for Year 2:

1-Record costs incurred

2-Record billings on contract

3-Record payments received

4-Record revenue/cost during construction period

Doyle Company issued $420,000 of 10-year, 6 percent bonds on January 1, Year 2. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $57,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2.

b. Prepare the income statement, balance sheet, and statement of cash flows for Year 2 and Year 3.

A market research firm reports to Unilever Company ( which produces and sells butter) that the estimate of the cross price elasticity between magarine and butter is approximately 1.6. Unilever's price of butter is Ghs 60 per Kilo with sales of 1000 kilos per month. The price of margarine is GHs 25 per kilo with sales of 3500 kilos per month. The price elasticity of butter is estimated to be -3. What would be the effect on the revenue and sales of Unilever and margarine sellers if Unilever decided to cut price of butter to Ghs 54.