Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segmentinformation:Operating Revenues fromSegmentsOutsidersAutosTrucks$ 4,010,0003,510,0002,610,000910,000OperatingExpenses$ 3,610,0004,010,0002,010,000SUVSMotorcycles1,030,000The company incurred additional operating expenses (of a general nature) of $1,210,000.Required A1Required:a1. What is the profit or loss of each of these segments?a2. Perform the profit or loss test to determine which of these segments is separately reportable.IntersegmentRevenuesComplete this question by entering your answers in the tabs below.AutosTrucksSUVSRequired A2MotorcyclesTotal$ 110,000210,000What is the profit or loss of each of these segments?Profit060,000Loss

Segment reporting is a financial accounting technique in which firms are required to provide…

hicle Corporation is organized into four operating segments. The internal reporting Formation: Operating Revenues from Segments Intersegment Revenues Outsiders Autos Trucks $ 4,010,000 3,510,000 2,610,000 910,000 SUVS Motorcycles me company incurred additional operating expenses (of a general nature) of $1,210,C $ 110,000 210,000 Operating Expenses $ 3,610,000 4,010,000 0 60,000 2,010,000 1,030,000 equired: . What is the profit or loss of each of these segments? 2. Perform the profit or loss test to determine which of these segments is separately

hicle Corporation is organized into four operating segments. The internal reporting Formation: Operating Revenues from Segments Intersegment Revenues Outsiders Autos Trucks $ 4,010,000 3,510,000 2,610,000 910,000 SUVS Motorcycles me company incurred additional operating expenses (of a general nature) of $1,210,C $ 110,000 210,000 Operating Expenses $ 3,610,000 4,010,000 0 60,000 2,010,000 1,030,000 equired: . What is the profit or loss of each of these segments? 2. Perform the profit or loss test to determine which of these segments is separately

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Global Products Corporation has three subsidiaries. Sales Net income (after taxes) Assets Medical Supplies Heavy Machinery Electronics a-1. What is the return on sales for each subsidiary? Note: Input your answers as a percent rounded to 2 decimal places. O Medical Supplies O Electronics Medical Supplies Heavy Machinery $ 20,590,000 $5,140,000 1,830,000 19,900,000 a-2. Which subsidiary has the lowest return on sales? Heavy Machinery Return on Sales % % % Medical Supplies Heavy Machinery Electronics 697,000 8,450,000 b-1. What is the return on assets for each subsidiary? Note: Input your answers as a percent rounded to 2 decimal places. Return on Assets % % % Electronics $ 4,190,000 364,000 3,860,000
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None
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