Revlon Company provided the following data for the currentProblem 13-16 (IAA)year.SegmentRevenueProfit (loss)Assets620,000100,000340,000190,000180,00070,000120,000380,000200,00020,00070,000( 30,000)( 25,000)10,000( 20,000)( 25,000)400,00080,000300,000140,000180,000120,000140,000140,000Others* The "others" category includes five operating segments,none of which has revenue or assets greater than P80,000and none with an operating profit.Operating Segments 1 and 2 produce very similarproducts and use very similar production processes, butserve different customer types and use quite differentproduct distribution system. These differences are duein part to the fact that Segment 2 operates in a regulatedenvironment while Segment 1 does not.*. Operating Segments 6 and 7 have very similar products,production processes, product distribution systems, butare organized as separate divisions since they servesubstantially different types of customers. NeitherSegments 6 and 7 operate in a regulated environment.Required:1. Determine the reportable segments without regard toaggregation criteria.2. If the 75% overall size test for reportable segments is notyet met, identify additional reportable segments.3. What are the reportable segments after considering allfactors?3791234567

The information above shows that any operating segment with revenue equal toor greater than P200,000…

Revlon Company provided the following data for the current year. Segment Revenue Profit (loss) Assets 1 620,000 100,000 340,000 190,000 180,000 70,000 120,000 380,000 200,000 20,000 70,000 ( 30,000) ( 25,000) 10,000 ( 20,000) ( 25,000) 400,000 80,000 300,000 140,000 180,000 120,000 140,000 140,000 6. Others The "others" H234 5o7

Revlon Company provided the following data for the current year. Segment Revenue Profit (loss) Assets 1 620,000 100,000 340,000 190,000 180,000 70,000 120,000 380,000 200,000 20,000 70,000 ( 30,000) ( 25,000) 10,000 ( 20,000) ( 25,000) 400,000 80,000 300,000 140,000 180,000 120,000 140,000 140,000 6. Others The "others" H234 5o7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Presented below are four segments that have been identified by XYZ, Inc. TE Segments Total revenue Profit (Loss) Identifiable Assets A 1,800,000 200,000 (350,000) 20,000 30,000 6,000,000 6,000,000 1,500,000 3,000,000 B 4,000,000 600,000 C D 1,300,000 Identify the reportable segments under the quantitative thresholds of PFRS 8.
The following are the details from the income statements of division S and division C for the year ending March 2014. Figures in TZS "000" Sales revenue 100,000 64,000 6,000 120,000 75,000 10,000 150,000 Operating cost Interest cost Capital invested 122,000 Capital invested include debt WACC 10% 12.5% Rate of corporate tax 40% 44% Required: Calculate NOPAT as adjusted for EVA and also calculate EVA for both the divisions. Which Division performed better?
Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of returns on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $890,000 $231,400 (a) 15% (b) (c) $460,000 (d) (e) (f) $50,600 $23,000 $310,000 (g) 14% (h) $31,000 (i) $230,000 $48,300 (j) 12% (k) (l) Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number. a. % b. c. d. e. % f. % g. h. % i. j. % k. l.
Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of returns on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $780,000 $187,200 (a) 13% (b) (c) $490,000 (d) (e) (f) $53,900 $24,500 $350,000 (g) 14% (h) $38,500 (i) $260,000 $52,000 (j) 12% (k) (l) Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number. a. fill in the blank 1% b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5% f. fill in the blank 6% g. $fill in the blank 7 h. fill in the blank 8% i. $fill in the blank 9 j. fill in the blank 10% k.…
Case 12. GLK Corporation and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Operating profit (loss) Segment A 10,000,000 Segment B 2,000,000 Segment C (11,000,000) Segment D 3,000,000 Segment E (12,000,000) 12. In its segment information for the current year, which is (are) not a reportable segment(s)?a. A, B, Cb. B, D c. Bd. None
What is the total revenue of the reportable segments after considering the quantitative thresholds but without regard to aggregation criteria?
8. A company reports the following: Sales Average total assets $5,844,000 3,325,000 Determine the asset turnover ratio. Round to one decimal place.
Return Ratios and Leverage The following selected data are taken from the financial statements of Redwood Enterprises: Sales revenue $641,000 Cost of goods sold 356,000 Gross profit $285,000 Selling and administrative expense 100,000 Operating income $185,000 Interest expense 50,000 Income before tax $135,000 Income tax expense (40%) 54,000 Net income $81,000 Accounts payable $45,000 Accrued liabilities 70,000 Income taxes payable 10,000 Interest payable 25,000 Short-term loans payable 150,000 Total current liabilities $300,000 Long-term bonds payable $500,000 Preferred stock, 10%, $100 par $250,000 Common stock, no par 600,000 Retained earnings 350,000 Total stockholders' equity $1,200,000 Total liabilities and stockholders' equity $2,000,000 Required: 1. Compute the following ratios for Redwood Enterprises: Return on sales Asset turnover (Assume that total assets at the beginning of the year…
Sousa Corporation provides the following financial information: Minimum acceptable operating income Average total assets Operating income $560,000 $2,000,000 $715,000 Return on investment 36% Net sales $850,000 Calculate the residual income of Sousa Corporation. O A. $554,125 O B. $155,000 OC. $290,000 O D. $1,440,000
Suresh Company reports the following segment (department) income results for the year. Department M Department N Department 0 Department P $ 82,000 $ 44,000 $ 78,000 $ 65,000 Sales Expenses Avoidable Unavoidable Total expenses Income (loss) Department Department M Department N Department O Department P Department T 17,300 45,400 57,800 21,600 75, 100 67,000 $ 6,900 $ (23,000) Decision 18,000 5,700 23,700 $ 54,300 21,500 54,300 75,800 $ (10,800) Department T $ 43,000 51,300 20,300 71, 600 $ (28,600) Total $ 312,000 a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminated? 153,500 159, 700 313, 200 $ (1,200)
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_
A company has the following data for a year: Revenue 250 MM Deprecation 20 MM Other Operating Costs 240 MM Financing Costs 0 Profits Tax 25% Dividends Distributed 25MM Q Before-Tax Profits/Loss, Tax, Change in Book Value equals, Net Change in Cash (on Balance Sheet),