Hii expert please provide correct answer general accounting question A company reports segment information with the followingdata:•.•Company total average assets: $2,400,000Company total net income: $720,000Segment X average assets: $1,500,000Segment X operating income: $450,000•••Segment Y average assets: $900,000Segment Y operating income: $270,000

Step 1: Define Return on Assets (ROA) by SegmentReturn on Assets (ROA) measures how effectively a…

Answered: A company reports segment information…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

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A company had average total assets of $982,4250 and net income of $190,700 and reports various segment information.
Accounting
Company discloses supplemental operating segment information. The following information is available for the current year: segment Sales Traceable expenses X 5,000,000 3,000,000 Y 4,000,000 2,500,000 z 3,000,000 1,500,000 12,000,000 7,000,000 Addl: expenses as follows: Indirect expenses 1,800,000 General Corporate Expenses 1,200,000 Interest expense 600,000 Income tax expense 400,000 The interest expense and income tax expense are regularly review by the chief operating decision marker as a measure of profit or loss. Appropriate common expenses are allocated to segments based on the ratio of a segment’s sales to total sales. 5. What is segment Z’s profit for the current year?
The following information has been assembled about Casbar Corp. as at December 31, Year 5 (amounts are in thousands): Operating segment Revenues Profit Assets $25,100 5,980 23,200 A $ 23,000 $ 6,400 B 15,100 C 16,000 (2,540) 16,100 D 4,700 1,100 9,550 E F 15,000 5,100 1,800 8,950 (380) 4,700 Required: Determine which operating segments require separate disclosures. (Round the intermediate calculations to nearest percentage.) Operating segment(s) (Click to select)
Hi expert please give me answer general accounting
Line Item Description SegmentMediaNetworks SegmentParks, Experiences,and Products SegmentEntertainment Direct-to-Consumer& International Revenues $28,393 $16,502 $9,636 $16,967 Operating expenses (19,400) (16,600) (7,100) (19,800) Operating income $8,993 $(98) $2,536 $(2,833) Assume the following percentages of total operating expenses for each segment are variable: Segment Percentage of VariableOperating Expenses Media Networks 75% Parks, Experiences, and Products 60% Studio Entertainment 80% Direct-to-Consumer & International 70% Question Content Area a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million. The Walt Disney CompanyVariable Costing Income Statement(in millions) Line Item Description MediaNetworks Parks, Experiences,and Products StudioEntertainment Direct-to-Consumer &International…
Topic: Operating Segments Requirement: (Show Solutions) Identify the reportable segments under the quantitative thresholds of PFRS 8
An entity and its divisions reported the following for the current year: Sales to unaffiliated customers 40,000,000 Intersegment sales of product similar to those sold to unaffiliated customers 12,000,000 Interest earned on loans to other operating segments 1,000,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount? A. 5,300,000 B. 4,100,000 C. 5,200,000 D. 4,000,000
17 Rainee Corporation's revenue for the current year were as follows: Consolidated revenue per income statement P1,200,000 Intersegment sales 180,000 Intersegment transfers 60,000 Combined revenues of all operating segments P1,440,000 Rainee has a reportable segment if that operating segment's revenues is at least_
ABC Corporation reported the following data for the following segments revenue for the year 20x1: Operating External Internal Total revenue Profit (loss) Assets segments revenue revenue L 13,000,000 7,000,000 20,000,000 2,500,000 15,000,000 M 5,000,000 12,000,000 2,000,000 3,000,000 8,000,000 (1,400,000) 1,800,000 (230,000) 4,500,000 8,000,000 1,300,000 3,500,000 5,500,000 N 3,000,000 15,000,000 1,000,000 2,500,000 1,700,000 1,000,000 800,000 3,000,000 3,500,000 2,500,000 (750,000) Q 400,000 1. Identify the reportable segments under the quantitative threshold of PFRS 8. 2. Determine whether the reportable segments meet the limit on external revenues under PFRS 8. (Percentage) 3. Determine the minimum amount of revenue that warrants disclosures of a major customers.
An operating segment under IFRS is identified as a reportable segment if a.its revenue is greater than 10% of the combined revenue of all the company's operating segments. b. its identifiable assets are greater than 10% of the combined assets of all operating segments. c. the absolute amount of its profit (loss) is 10% or more of the greater in absolute amount, of the combined operating segments' profit, or of the combined operating segments' loss. d. any of the above options are satisfied.
Selected current year company information follows: Net income $ 16,153 Net sales 714,855 Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year 85,932 105,201 200,935 124,851 The total asset turnover is: (Do not round intermediate calculations.)

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