Sur Corporation's internal divisions are based on industry. The revenues, operating profits, and assets of the operating
Question:
Sur Corporation's internal divisions are based on industry. The revenues, operating profits, and assets of the operating segments of Sur are presented in thousands of dollars as follows:
REQUIRED: Determine the reportable segments of SurCorporation.
Transcribed Image Text:
Operating Inter- segment Sales Sales to Nonaffiliates Profit Total (Loss) Sales Assets Food service industry Copper mine Information systems Chemical industry Agricultural products Pharmaceutical products Foreign operations Corporate assets $150,000 $20,000 $ 20,000 $100.000 $170,000 17,500 75,000 24,000 20,000 108,500 25,000 9,000 2,500 15,250 (7,750) 4,000 2,500 10,000 7,500 10,000 24,000 10,000 10,000 7,500 10,000 16,500 $319,000 $306,500 $344,000 $37,500 $31,500 *Corporate assets include equity investees of $5,000 and general assets of $11,500.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
Revenue test 10 of combined revenues total sales 34400 The food service industry copper mine an...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
Operating profits and losses for the seven industry segments of Penner Corporation are as follows: Based only on the operating profit (loss) test, which industry segments are reportable under IFRS?...
-
Assets for the seven industry segments of Penner Corporation are as follows: Based only on the assets test, which industry segments are reportable under IFRS? (thousands) (thousands) Gamma Kennedy...
-
Operating data for Gladow Corporation are presented below. InstructionsPrepare a schedule showing a vertical analysis for 2012 and 2011. 2012 2011 Sales $800,000 520,000 $600,000 Cost of goods sold...
-
How can we use these theories to analyze factors which influence the longevity and adaptability of these organizations in changing landscapes?
-
One of the hottest business issues today is the outrageously lavish pay of many chief executive officers (CEOs) vis--vis corporate profits. In 1990, for example, the CEO of United Airlines got $18.3...
-
Calculate the output voltages V 2 and V 3 in the circuit of Fig. 10.72. 200 k2 20 k2 V = 0.2 V V3 200 k2 10 k2
-
Consider a boundary layer with no external pressure gradient (a flat plate). Then, from the Prandtl boundary-layer equation, deduce that \[\mu \frac{d^{2} v_{x}}{d y^{2}}=0 \text { at } y=0\] Now...
-
Suppose you have the following historical returns for the stock market and for another company, P. Q. Unlimited. Explain how to calculate beta, and use the historical stock returns to calculate the...
-
Product costs using activity rates Friedman.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is $145,000, and...
-
What combination of motivational techniques do you think would result in the best overall motivation and reward system?
-
Vic Corporation operates entirely in the United States but in different industries. It segments the business based on industry. Total sales of the segments, including intersegment sales, are as...
-
The sales in thousands of dollars of the segments of Wow Corporation (Wow is organized on a geographic basis) for 2011 are as follows: The $178,000 sales to unaffiliated customers is the amount of...
-
What are the differences between the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). Indicate at least 2 other factors affecting stock returns according to Arbitrage...
-
Evaluate the equivalent transfer function of the multi-loops system shown in Figure below. (b) Verify using MATLAB/Simulink that the obtained equivalent transfer function is correct. i.e. Construct...
-
When consulting a bond table (in text or online), what bond rating would Hydro Supplies have in 2021 was the rating based solely on the firm's interest coverage ratio? Based on this rating, would a...
-
Six years ago, Junk Removal Services (JRS) issued high-yield bonds at par with a maturity of 12 years and a face value of $1,000. Today, the bonds just paid their semi-annual coupons of $70. 20. At...
-
Gogo Inc. produces and sells projectors and has a relevant range between 1,000 units and 2,000 units per year. Manufacturing overhead costs range from $1,000,000 to $1,250,000 at the low and high...
-
a) Draw a flow net b) Calculate the seepage flow 6m c) Calculate the total head at points a & b. d) Check of boiling 3m b Ya9 kN/m K=4x10 cm/sec [1.5m 6m
-
In the short run the monopolistic competitor will be ______. a) definitely making a profit b) definitely taking a loss c) definitely breaking even d) either taking a loss or making a profit
-
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
-
The current ratio and liquid ratio of the company are 2.5:1 and 1.5:1. If the current assets amounted to 500 million, f ind the amount of inventories held by the company.
-
Acme Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. One particular reporting unit, Martel, emerged as a candidate for possible goodwill impairment....
-
Destin Company recently acquired several businesses and recognized goodwill in each acquisition. Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar, Salty Dog, and...
-
Assume that Chapman Company acquired Abernethys common stock for $490,000 in cash. As of January 1, 2011, Abernethys land had a fair value of $90,000, its buildings were valued at $160,000, and its...
-
The lifetime of a small electric motor can be modeled as a random variable with the following probability distribution table. Lifetime Probability 1 year 0.6 2 years 0.2 3 years 0.1 4 years 0.1...
-
Four pieces of lumber (planks of wood) are placed in parallel positions, as shown below, perpendicular to the line W. Piece A is 5 m long and touches W Piece B is 3 m long and its left end is 3 m...
-
On Monday Big Business Ltd. (BB) offers to sell 300 wrist watches to Going Places Ltd. (GP) at 50 per watch The offer to GP is sent by fax and includes the following statement "Please send an...
Study smarter with the SolutionInn App