8. Elektronix, Inc. has three operating segments with the following information: ...
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Accounting
8.
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 minimum amount of revenue an operating segment must have to be considered a reportable segment?
Multiple Choice
- $650,000.
- $660,000.
- $670,000.
- $680,000.
- $690,000.
9.
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 asset test?
Multiple Choice
- DVDs only.
- DVDs and MP3s.
- DVDs and VCRs.
- VCRs and MP3s.
- DVDs, VCRs, and MP3s.
10.
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 operating profit or loss test?
Multiple Choice
- Tables and Chairs.
- Bookcases only.
- Tables, Bookcases, and Cabinets.
- Bookcases, Cabinets, and Chairs.
- Tables, Bookcases, Cabinets, and Chairs.
11.
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 asset test?
Multiple Choice
- Tables and Chairs.
- Bookcases only.
- Tables, Bookcases, and Cabinets.
- Bookcases, Cabinets, and Chairs.
- Tables, Bookcases, Cabinets, and Chairs.
12
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 minimum amount of assets an operating segment must have to be considered a reportable segment?
Multiple Choice
- $1,400,000.
- $2,500,000.
- $4,100,000.
- $5,000,000.
- $25,000,000.
12.
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 assets an operating segment must have to be considered a reportable segment?
Multiple Choice
- $4,080,000.
- $2,430,600.
- $1,293,000.
- $4,430,000.
- $1,355,200.
13.
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 of the segments are separately reportable?
Multiple Choice
- DVDs only.
- DVDs and MP3s.
- DVDs and VCRs.
- VCRs and MP3s.
- DVDs, VCRs, and MP3s.
14.
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 minimum amount of operating profit or loss an operating segment must have to be considered a reportable segment?
Multiple Choice
- $124,000.
- $127,600.
- $100,000.
- $130,000.
- $140,000.
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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