Our company has five business units that we classify as operating segments. Financial data for these units follows:
($1,000s) |
A |
B |
C |
D |
E |
Sales |
$3,000 |
$1,600 |
$4,900 |
$8,000 |
$1,800 |
Profit |
$(2,200) |
$180 |
$3,000 |
$(200) |
$1,200 |
Assets |
$6,000 |
$480 |
$4,200 |
$24,000 |
$4,800 |
Required: Which of these operating segments should be disclosed in the footnotes to our financial statements?
Our company has five business units that we classify as operating segments. Financial data for these units follows:
($1,000s) |
A |
B |
C |
D |
E |
Sales |
$11,000 |
$4,500 |
$20,000 |
$13,000 |
$4,000 |
Profit |
$4,000 |
$(200) |
$3,500 |
$(2,100) |
$150 |
Assets |
$25,000 |
$12,500 |
$50,000 |
$30,000 |
$2,000 |
Required: Which of these operating segments should be disclosed in the footnotes to our financial statements?
Assume that our records include the following two LIFO inventory cost pools:
Units |
Cost/Unit |
|
BOQ |
2,100 |
$ 80 |
Purchase #1 |
2,500 |
$100 |
Total |
4,600 |
At the beginning of the quarter (BOQ), we report 2,100 units on hand at a cost of $80 per unit. During the quarter, we sell 3,000 units at $210/unit for cash.
Assume that we expect to increase our quantities of inventories on hand by year-end by the purchase of inventories at a cost of $110.
Required:
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