Umbrella Company and its divisions are engaged solely in manufacturingoperations . The following data pertain to the industries in which operations wereconducted for the year ended December 31, 2014:RevenueFromRevenueOperatingIdentifiableSegmentsoutsidersfrom within ProfitAssetsA18,000,0002,000,0003,600,00040,000,000B13,000,0003,000,0002,800.00036,000,000C5,000,0007,000,0001,500,0002,400,0001,200,00028,000,00016,000,000D4,500,000E5,400,0003,600,0001,400,00014,000,0006,000,000140,000,000F3,000,000600,000Total48,900,00017,100,00012,000,000In its segment information for 2014, how many reportable segments doesUmbrella Company have?

Reportable segments: These are the company’s segments whose individual revenues are 10% of the…

Umbrella Company and its divisions are engaged solely in manufacturing operations. The following data pertain to the industries in which operations were conducted for the year ended December 31, 2014: Revenue From Revenue Operating Identifiable Segments outsiders from within Profit Assets A 18,000,000 2,000,000 3,600,000 40,000,000 В 13,000,000 3,000,000 2,800.000 36,000,000 5,000,000 7,000,000 2,400,000 28,000,000 D 4,500,000 1,500,000 1,200,000 16,000,000 E 5,400,000 3,600,000 1,400,000 14,000,000 F 3,000,000 600,000 6,000,000 140,000,000 Total 48,900,000 17,100,000 12,000,000 In its segment information for 2014, how many reportable segments does Umbrella Company have?

Umbrella Company and its divisions are engaged solely in manufacturing operations. The following data pertain to the industries in which operations were conducted for the year ended December 31, 2014: Revenue From Revenue Operating Identifiable Segments outsiders from within Profit Assets A 18,000,000 2,000,000 3,600,000 40,000,000 В 13,000,000 3,000,000 2,800.000 36,000,000 5,000,000 7,000,000 2,400,000 28,000,000 D 4,500,000 1,500,000 1,200,000 16,000,000 E 5,400,000 3,600,000 1,400,000 14,000,000 F 3,000,000 600,000 6,000,000 140,000,000 Total 48,900,000 17,100,000 12,000,000 In its segment information for 2014, how many reportable segments does Umbrella Company have?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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= Profit Center Responsibility Reporting Championship Sports Inc. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all including those for inventories, were recorded and posted: Sales-Winter Sports Division Sales-Summer Sports Division Cost of Goods Sold-Winter Sports Division Cost of Goods Sold-Summer Sports Division Sales Expense-Winter Sports Division Sales Expense-Summer Sports Division Administrative Expense-Winter Sports Division Administrative Expense-Summer Sports Division Advertising Expense Transportation Expense Accounts Receivable Collection Expense Warehouse Expense Sales $29,925,000 33,060,000 17,955,000 19,095,000 5,130,000 4,560,000 Cost of goods sold Gross profit Divisional selling and administrative expenses: 2,992,500 2,935,500 1,091,000 Divisional selling expenses Divisional administrative expenses…
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onL... Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $45,700 $28,800 Direct operating expenses 27,600 22,800 Sales 94,100 68,700 Interest expense $2,600 General overhead 19,700 Income tax 4,400 The gross profit for the Rails Division is Oa. s20,800 Ob. $94,100 Oc. $48,400 Od. $66,500 Previous Next 7:32 PM CP 17/13/20
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PROVIDE Answer with calculation
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Locomotive Division Cost of goods sold Direct operating expenses Sales Interest expense General overhead. Income tax Rails Division $ 47,200 27,200 108,000 The income from operations for the Rails Division is O $21,150 Ob. $33,600 O $8,700 O d. $60,800 $30,720 20,040 78,000 Corporate Total $2,040 18,160 4,700

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