Question: This is all in the same question essentially. 1. Wayne, Inc. has four operating segments with the following information: Tables Bookcases Cabinets Chairs Sales to
This is all in the same question essentially.
1.
Wayne, Inc. has four operating segments with the following information:
| Tables | Bookcases | Cabinets | Chairs | |||||||||||
| Sales to outsiders | $ | 2,600,000 | $ | 3,200,000 | $ | 5,350,000 | $ | 1,780,000 | ||||||
| Intersegment transfer | $ | 380,000 | $ | 0 | $ | 125,000 | $ | 117,000 | ||||||
| Segment expenses | $ | 1,900,000 | $ | 2,200,000 | $ | 4,480,000 | $ | 2,174,000 | ||||||
| Segment assets | $ | 10,800,000 | $ | 12,000,000 | $ | 18,000,000 | $ | 3,500,000 | ||||||
What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?
Multiple Choice
-
$1,355,200.
-
$1,293,000.
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$622,000.
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$1,230,800.
-
$955,400.
2.
Wayne, Inc. has four operating segments with the following information:
| Tables | Bookcases | Cabinets | Chairs | |||||||||||
| Sales to outsiders | $ | 2,600,000 | $ | 3,200,000 | $ | 5,350,000 | $ | 1,780,000 | ||||||
| Intersegment transfer | $ | 380,000 | $ | 0 | $ | 125,000 | $ | 117,000 | ||||||
| Segment expenses | $ | 1,900,000 | $ | 2,200,000 | $ | 4,480,000 | $ | 2,174,000 | ||||||
| Segment assets | $ | 10,800,000 | $ | 12,000,000 | $ | 18,000,000 | $ | 3,500,000 | ||||||
What is the operating profit or loss for the Cabinets segment?
Multiple Choice
-
$745,000.
-
$995,000.
-
$1,155,000.
-
$987,000.
-
$1,250,000.
3.
Elektronix, Inc. has three operating segments with the following information:
| DVDs | VCRs | MP3s | |||||||||||||||||
| Sales to outsiders | $ | 4,000,000 | $ | 500,000 | $ | 2,000,000 | |||||||||||||
| Intersegment transfer | none | none | $ | 100,000 | |||||||||||||||
| Segment expenses | $ | 3,000,000 | $ | 624,000 | $ | 1,700,000 | |||||||||||||
| Segment assets | $ | 14,000,000 | $ | 6,000,000 | $ | 5,000,000 | |||||||||||||
What is the operating profit or loss for the VCRs segment?
Multiple Choice
-
$121,000 profit.
-
$121,000 loss.
-
$124,000 profit.
-
$124,000 loss.
-
$500,000 profit.
4.
Wayne, Inc. has four operating segments with the following information:
| Tables | Bookcases | Cabinets | Chairs | |||||||||||
| Sales to outsiders | $ | 2,600,000 | $ | 3,200,000 | $ | 5,350,000 | $ | 1,780,000 | ||||||
| Intersegment transfer | $ | 380,000 | $ | 0 | $ | 125,000 | $ | 117,000 | ||||||
| Segment expenses | $ | 1,900,000 | $ | 2,200,000 | $ | 4,480,000 | $ | 2,174,000 | ||||||
| Segment assets | $ | 10,800,000 | $ | 12,000,000 | $ | 18,000,000 | $ | 3,500,000 | ||||||
Which operating segments are separately reportable under the revenue test?
-
Tables and Chairs.
-
Bookcases only.
-
Tables, Bookcases, and Chairs.
-
Bookcases, Cabinets, and Chairs.
-
Tables, Bookcases, Cabinets, and Chairs.
5.
Elektronix, Inc. has three operating segments with the following information:
| DVDs | VCRs | MP3s | |||||||||||||||||
| Sales to outsiders | $ | 4,000,000 | $ | 500,000 | $ | 2,000,000 | |||||||||||||
| Intersegment transfer | none | none | $ | 100,000 | |||||||||||||||
| Segment expenses | $ | 3,000,000 | $ | 624,000 | $ | 1,700,000 | |||||||||||||
| Segment assets | $ | 14,000,000 | $ | 6,000,000 | $ | 5,000,000 | |||||||||||||
Which operating segments are separately reportable under the revenue test?
Multiple Choice
-
DVDs only.
-
DVDs and MP3s.
-
DVDs and VCRs.
-
VCRs and MP3s.
-
DVDs, VCRs, and MP3s.
6.
Elektronix, Inc. has three operating segments with the following information:
| DVDs | VCRs | MP3s | |||||||||||||||||
| Sales to outsiders | $ | 4,000,000 | $ | 500,000 | $ | 2,000,000 | |||||||||||||
| Intersegment transfer | none | none | $ | 100,000 | |||||||||||||||
| Segment expenses | $ | 3,000,000 | $ | 624,000 | $ | 1,700,000 | |||||||||||||
| Segment assets | $ | 14,000,000 | $ | 6,000,000 | $ | 5,000,000 | |||||||||||||
Which operating segments are separately reportable under the operating profit or loss test?
Multiple Choice
-
DVDs only.
-
DVDs and MP3s.
-
DVDs and VCRs.
-
VCRs and MP3s.
-
DVDs, VCRs, and MP3s.
7.
Wayne, Inc. has four operating segments with the following information:
| Tables | Bookcases | Cabinets | Chairs | |||||||||||
| Sales to outsiders | $ | 2,600,000 | $ | 3,200,000 | $ | 5,350,000 | $ | 1,780,000 | ||||||
| Intersegment transfer | $ | 380,000 | $ | 0 | $ | 125,000 | $ | 117,000 | ||||||
| Segment expenses | $ | 1,900,000 | $ | 2,200,000 | $ | 4,480,000 | $ | 2,174,000 | ||||||
| Segment assets | $ | 10,800,000 | $ | 12,000,000 | $ | 18,000,000 | $ | 3,500,000 | ||||||
What is the minimum amount of operating profit or loss an operating segment must have to be considered a reportable segment?
-
$277,000.
-
$307,500.
-
$279,800.
-
$257,000.
-
$217,600.
I broke this down into parts, it is actually one homework problem and i can't seem to figure it out, Please help me out..this problem is huge!
Thank you so much in advance
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