Please answer the following questi
on:
Homework Answers
Solution :
As in line with FASB Guidelines, an entity shall report separately information about an operating Segment based totally on profit or loss that meets the subsequent quantitative Threshold :
The Absolute Amount of its said profit or loss is 10% or more of the Greater,in absolute amount, of either:
A. The combined reported profit of all operating segments that did not report a loss .
B. The combined reported loss of all operating segments that did not report a loss .
Therefore Reportable segments are those which has profit or loss from the above $5850 .
Hence A,B,D,E are Reportable Segments.
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Please answer the following question:
8. Given the following, using only the profit or loss, which...
Please if some1 can help me with this question. Thank you, <3<3 The following information pertains...
Please if some1 can help me with this question.
Thank you, <3<3
The following information pertains to Superstar Music's operating segments for the year ended December 31. | External Sales Intersegment Sales Net Income (Loss) Assets Axl 10,000 5,000 9,000 5,000 | Bruce 0 15,000 0 12,000 Celine 15,000 0 5,000 5,000 Diddy 10,000 10,000 3,000 5,000 Elvis 70,000 30,000 50.000 60,000 Total 105,000 60.000 49.000 87.000 Based solely, on this information indicate which of the segments are considered to...
Exercise 24-3 Carlton Company is involved in four separate industries. The following information ...
Exercise 24-3
Carlton Company is involved in four separate industries. The
following information is available for each of the four
industries.
Operating Segment
Total Revenue
Operating Profit (Loss)
Identifiable Assets
W
$60,000
$15,000
$167,000
X
10,000
3,000
83,000
Y
23,000
(2,000)
21,000
Z
9,000
1,000
19,000
$102,000
$17,000
$290,000
Determine which of the operating segments are reportable based on
the:
Reportable Segments
(a)
Revenue test.
WXYZW & XW & YW & ZX & YX & ZY & ZW, X
&...
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e profit, in millions of dollars, of a company t years after 1992 is given in the following table: t = # of years after 1992-10- 2-T-4-T6 Profit in millions of dollars 5 220 260 220 200 280 1. The 8-T-10 the number of years since 1992. Find the best model for P(t), the profit at time t, from the DRATIC, EXPONENTIAL, CUBIC or LOGISTIC. Give your model...
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Please if some1 can help me with this question.
Thank you, <3<3
The following information pertains to Superstar Music's operating segments for the year ended December 31. | External Sales Intersegment Sales Net Income (Loss) Assets Axl 10,000 5,000 9,000 5,000 | Bruce 0 15,000 0 12,000 Celine 15,000 0 5,000 5,000 Diddy 10,000 10,000 3,000 5,000 Elvis 70,000 30,000 50.000 60,000 Total 105,000 60.000 49.000 87.000 Based solely, on this information indicate which of the segments are considered to...
Exercise 24-3
Carlton Company is involved in four separate industries. The
following information is available for each of the four
industries.
Operating Segment
Total Revenue
Operating Profit (Loss)
Identifiable Assets
W
$60,000
$15,000
$167,000
X
10,000
3,000
83,000
Y
23,000
(2,000)
21,000
Z
9,000
1,000
19,000
$102,000
$17,000
$290,000
Determine which of the operating segments are reportable based on
the:
Reportable Segments
(a)
Revenue test.
WXYZW & XW & YW & ZX & YX & ZY & ZW, X
&...
Please help with the following question and explain thoroughly.
Thanks so much!
e profit, in millions of dollars, of a company t years after 1992 is given in the following table: t = # of years after 1992-10- 2-T-4-T6 Profit in millions of dollars 5 220 260 220 200 280 1. The 8-T-10 the number of years since 1992. Find the best model for P(t), the profit at time t, from the DRATIC, EXPONENTIAL, CUBIC or LOGISTIC. Give your model...
Answer the following question(s) using the information below. Burger Bob's Boathouse sells only one product. 7,000 units were sold in year resulting in $70,000 of sales revenue. Variable costs were $28,000 for the year, and fixed costs were $12,000. 4. Contribution margin per unit is $4.00 b. $4.29 $6.00 d. S10.00 S5.71 a. C. 5. Break-even point in volume is a. 2,000 units. b. 3,000 units. 5,000 units. d. 7,000 units. e. 2,797 units. C. 6. The number of units...
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