Homework Answers
| DVDs | VCRs | MP3s | |
| Total sales | 4000000 | 500000 | 2100000 |
| Less: Expenses | 3000000 | 624000 | 1700000 |
| Profit (Loss) | 1000000 | (124000) | 400000 |
| Threshold for Segment Profit/Loss Reporting=(1000000+400000)*10% = $140000 |
| Segment with Profit/Loss greater than $140000 are reportable |
| Reportable segments are DVDs and MP3s |
| Option B is correct |
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Elektronix, Inc. has three operating segments with the following information: Sales to outsiders Intersegment transfer Segment...
Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment...
Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Autos Trucks Revenues from Outsiders $ 4,000,000 3,500,000 2,600,000 900.000 Intersement Transfers $ 100,000 200.000 $ SUS Operating Expenses 3,600,000 4,000,000 2,000,000 1,020,000 Motorcycles 50.000 The company incurred additional operating expenses (of a general nature) of $1.200.000 a. What is the profit or loss of each of these segments? b. Perform the profit or loss test to determine which of these segments is...
S Segment Reporting Worksheet and Schedules Calvin Inc. has operating segments in five different ...
s Segment Reporting Worksheet and Schedules Calvin Inc. has operating segments in five different industries: apparel, building, chemical ture, and machinery. Data for the five segments for 20XI are as follows: Apparel Building ChemicalFurniture Machine $870.000 $750.000 Sales to nonaffillates Intersegment sales Cost of goods sold Selling expenses Other traceable $55.000 $95.000 40,000 420005.000 6,000 7,000 5.000 480000 450,000 78,000 160,000 40,000 80,000 610,000 20,000 10.000 expenses 30,000 75.000 560,000 12.000 Allocated general corporate expenses 13,000 Other information Segment assets...
Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment...
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Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is...
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The Fratilo Co. had three operating segments with the following information: Pens Pencils Erasers Sales to...
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West Corporation reported the following consolidated data for 20X2: Sales $ 1,165,000 Consolidated income before taxes...
West Corporation reported the following consolidated data for
20X2:
Sales
$
1,165,000
Consolidated income before taxes
136,000
Total assets
1,280,000
Data reported for West’s four operating divisions are as
follows:
Division A
Division B
Division C
Division D
Sales to outsiders
$
440,000
$
166,000
$
490,000
$
69,000
Intersegment sales
58,000
18,000
19,000
Traceable costs
253,000
98,000
298,000
90,000
Assets
471,000
113,000
508,000
83,000
Intersegment sales are priced at cost, and all goods have been
subsequently sold to nonaffiliates....
10-5 Segment margin income statement (LO 2) Magellan & Columbus, Ltd. manufactures boats and personal watercraft....
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Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Revenues from Outsiders $ 4,019,000 3,519,000 2,619,000 919,000 Intersegment Transfers $ 119,000 219,000 Autos Trucks SUVs Motorcycles Operating Expenses $3,619,000 4,019,000 2,019,000 1,039,000 69,000 The company incurred additional operating expenses (of a general nature) of $1,219,000. a. What is the profit or loss of each of these segments? b. Perform the profit or loss test to determine which of these segments is separately...
Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is as follows (in thousands): Rakes $ 94 4 Pails S506 26 Shovels S44 14 4 Hardware $122 30 8 Accessories $28 24 2 6 Sales to outsiders Intersegment transfers Interest revenue - outsiders Interest revenue - intersegment Operating expenses-outsiders Operating expenses - intersegment Interest expense Income taxes Tangible assets Intangible assets Intersegment receivables 116 2 40 6 414 20 12 10 116 102 16...
P13-19 Segment Disclosures in the Financial Statements LO 13-2 Multiplex Inc., a public consolidated financial statements for 20X5: company whose stock is traded on a national stock exchange, reported the following information on its Prom the consolidated income statement Sales revenues Rental revenues Incone before income taxes $657,000,000 53,000,000 89,000,000 24,000,000 Fron the consolidated balance sheet: Total assets $672,000,000 Multiplex management determined that it had the following communications, (4) health and fitness products, and (5) heavy equipment manufacturing. The company...
Help Save Coulanger Corp. identified four operating segments: A, B, C, and D. Segment A met the revenue test for identifying reportable segments while Segment C met the revenue test, profit or loss test, and asset test. Segment B and Segment D did not meet any of these tests. Which of these segments must be disclosed separately? Sooment c ommento No Sementa Somont A Yes Yes B) Yes Ves C) Yes No D) No Yes E) No No Yes Yes...
West Corporation reported the following consolidated data for
20X2:
Sales
$
1,165,000
Consolidated income before taxes
136,000
Total assets
1,280,000
Data reported for West’s four operating divisions are as
follows:
Division A
Division B
Division C
Division D
Sales to outsiders
$
440,000
$
166,000
$
490,000
$
69,000
Intersegment sales
58,000
18,000
19,000
Traceable costs
253,000
98,000
298,000
90,000
Assets
471,000
113,000
508,000
83,000
Intersegment sales are priced at cost, and all goods have been
subsequently sold to nonaffiliates....
10-5 Segment margin income statement (LO 2) Magellan & Columbus, Ltd. manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $60,000,000 $22,000,000 $6,000,000 $88,000,000 Variable cost of goods sold 30,000,000 12,000,000 3,500,000 45,500,000 Fixed cost of goods sold 9,000,000 5,000,000 700,000 14,700,000 Gross profit 21,000,000 5,000,000 1,800,000 27,800,000 Variable operating expenses 8,000,000 1,500,000 850,000...
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