Problem 1. Basic IllustrationVERY EASY Company had the following operating segments at December 31, 2021:RedBlueYellowGreenP 23,100 | P 17,100 | P 12,300 | P8,10050,1504,500| P91029,150Orange7,700 | P2,30034,100Purple2,30065015,750RevenuesProfit9,90069,2005,50033,200AssetsRequired: Identify the reportable segments of the company.

solution: reportable segments are those segments :which meets one of the following criteria Whose…

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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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Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Реpper Company $ 12,400 18,500 10,000 33,250 21,400 19,250 26, 200 7,600 14,100 29,500 14,100 5,180 43,500 60,400 279,510 28,000 13,600 Company $ 19,300 22,500 14,550 25,300 37,000 15,700 22,000 8,000 14,500 49,500 12,080 2,400 54,000 46, 300 374, 590 18, 200 23,950 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets…
How would you calculate the average rate using the AVERAGEIF formula based on the given information and data below 1 Support 2 Accounting 3 Marketing 4 Sales 5 Engineering 6 Research and Development 7 Business Development 8 Product Management $7,669,000.00 $7,221,000.00 $6,458,000.00 $6,433,000.00 $6,301,000.00 $6,299,000.00 $6,159,000.00 $6,008,000.00
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Problem 10-17 (Algo) Comparison of Performance Using Return on Investment (ROI) [LOʻ Comparative data on three companies in the same service industry are given below: Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) $ Company A 2,771,000 471,070 $ $ 1,630,000 % % Company B $ 843,000 $ 160,170 % 5.70 % Company C $ 3,430,000 6 % 1.60 %
Required information [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,829 34 632 157 83 159 Blue $830 109 397 184 77 105 Segments Green $ 532 127 420 99 100 79 Pink $ 327 0 330 110 67 (104) Black $ 139 34 335 60 32 (82) White $ 117 320 80 49 23 0 Consider the following questions independently. None of the six segments have a primarily financial nature. a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answer in dollars but not in thousands.)
Case 13. Master Roshi Company provided the following information pertaining to operating segments for the year ended December 31, 2015: Total revenue P 80,000,000 Sales to external customers included in total revenue 30,000,000 13. External revenue reported by reportable operating segments must be at least what amount?a. 60,000,000b. 37,500,000c. 30,000,000d. 22,500,000
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27. Quantitative thresholds for classification as an operating segment Our company has 5 business units that we classify as operating segments. Financial data for these units follows: LO1 ($1,000s) Sales.. Profit. Assets. A B с D E $ 9,900 $180,975 $ 639,280 $1,153,738 $2,603,125 1,745 173,878 (4,304) 441,250 17,875 4,093,749 28,150 2,128,001 437,875 9,245,875 Which of these operating segments should be disclosed in the footnotes to our financial statements?
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Adams Cough Drops operates two divisions. The following information pertains to each division for Year 1. Division A Division B $200,000 $85,000 $ 16,100 $ 9,300 $ 59,000 $37,000 17% Sales Operating income Average operating assets Company's desired rate of return 17% Required a. Compute each division's residual income. b. Which division increased the company's profitability more? a. Division A Division B b. The division that increased the company's profitability more is Residual Income

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