The following is financial Information describing the six operating segments that make up Chucktown Sauce Company (In thousands): Segments Red Sales to outside parties $ 1,813 Blue $ 814 Green Pink Black White $ 516 $ 311 $ 123 $ 101 Intersegment revenues 18 93 111 0 18 384 Salary expense 616 381 404 314 319 64 Rent expense 141 168 83 94 44 33 Interest expense 67 61 84 51 16 7 Income tax expense (savings) 143 89 63 (88) (66) в Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer in dollars but not in thousands. Volume of revenues

The following is financial Information describing the six operating segments that make up Chucktown Sauce Company (In thousands): Segments Red Sales to outside parties $ 1,813 Blue $ 814 Green Pink Black White $ 516 $ 311 $ 123 $ 101 Intersegment revenues 18 93 111 0 18 384 Salary expense 616 381 404 314 319 64 Rent expense 141 168 83 94 44 33 Interest expense 67 61 84 51 16 7 Income tax expense (savings) 143 89 63 (88) (66) в Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer in dollars but not in thousands. Volume of revenues

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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hi, can you help me with Calculatingthe following ratios for Year 2: (a) profit margin ratio (b) gross margin ratio ( c) times interest earned. Silverlight Company Income Statements For Years Ended December 31, Year 2 Year 1 Net sales $ 720,000 $ 607,500 Cost of goods sold 450,000 382, 700 Gross profit $270,000 $224,800 Operating expense 168, 500 134, 900 Income from operations $ 101,500 $ 89,900 Interest expense 22, 300 11,200 Income before taxes $ 79,200 $ 78,700 Income taxes 28,000 27,000 Net income $ 51,200 $ 51,700
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The costs incurred in the manufacture of 75,000 units of a product are: Direct materials $80,000 Direct labour $15,000 Variable overheads $32,000 Fixed overheads $130,000 If output increases by 15%, what will be the effect, if any, on the variable cost per unit? Show solution
ABC Company reported the following data for the current year: 1. How much is the gross profit? 2. How much is the administrative expense? 3. How much is the selling expense? 4. How much is the net income?
Data for the three operating segments of Polyglot Company for the fiscal year ended June 30, 2006 were as follows (amounts in thousands): Alpha Beta Gamma TotalSales to outside customers $400 $500 $600 $1,500Intersegmental sale 50 40 30 120Traceable Expenses Intersegmental purchases 60 20 40 120Other 200 300 500 1,000Nontraceable expenses 150 Prepare a working paper to compute revenue and segment profit or loss for each segment. Nontracable expenses are allocated using the follow percentages: Alpha 27%; Beta 33%; Gamma 40%.