What are the reportable segments?

Division P reported Income from Operations of $875,000 and Total Service Department Charges of $575,000. Therefore, which statement is correct: Income from Operations before Service Department Charges was $1,450,000 O Income from Operations before Service Department Charges was $300,000 Net Income was $300,000 Gross Profit was $300,000

Corycorn Corp. and its divisions (each is an operating segment) are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the operations conducted for the yaer ended December 31, year 1: (Industry Operating Segment)          Total revenue        Operating profit          Identifiable assets at 12/31/Y1                   A                                      P10,000,000          P1,750,000                P20,000,000                   B                                         8,000,000              1,400,000                  17,500,000                   C                                         6,000,000               1,200,000                  12,500,000                   D                                         3,000,000                 550,000                     7,500,000                   E                                          4,250,000                 675,000                     7,000,000                   F…

Subject- account

Far Sight is a division of a major corporation. The following data are for the latest year of operations: Required: a. What is the division's return on investment (ROI)?b. What is the division's residual income?  Sales 24,480,000 Net operating income 1.738.000 average operating assets 6,000 rate of return 16%

Using A. Corporation information and data . a) Determine the divisional income from operations for three regions by allocating the service department expenses proportional to sales of the regions. b) determine the increase or decrease in net income if C region did not operate.     A region B region C region    Sales $ 2,000,000 $2,800,000 $3,200,000   Cost of goods sold $700,000 $1,100,000 $1,900,000   Selling expenses  $500,000 $850,000 $1,000,000     Service department expenses Purchasing 600,000 Payroll accounting. 400,000

Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions, as profit centers. The chief executive officer (CEO) evaluates divisional performance, using operating income as a percent of revenues. Th following quarterly income and expense accounts were provided from the trial balance as of December 31: $1,044,000 1,245,600 2,188,700 661,600 741,300 1,323,600 555,000 214,200 158,800 350,600 Revenues-N Region Revenues-S Region Revenues-W Region Operating Expenses-N Region Operating Expenses-S Region Operating Expenses-W Region Corporate Expenses-Dispatching Corporate Expenses-Equipment Management Corporate Expenses-Treasurer's General Corporate Officers' Salaries The company operates three support departments: the Dispatching Department, the Equipment Management Department, and the Treasurer's Department. The Dispatching Department manages the scheduling and releasing of completed trains. The Equipment Management Department manages the railroad…

Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows:   Mutual FundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $1,120,000   $1,160,000   $1,130,000   Operating expenses 603,400   486,800   854,000   Invested assets 4,100,000   3,400,000   2,300,000   The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: 1.  Prepare condensed divisional income statements for the three divisions, assuming that there were no support department allocations. E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 20Y8   MutualFundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $fill in…

Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,200,000; sales of $4,625,000; cost of goods sold of $2,650,000; and operating expenses of $1,472,000. Assume a target income of 10% of average invested assets. Compute residual income for the division: Multiple Choice $197,500. $50,300. () $83,000. $40,500. $93,000.

Assume a company with two divisions (A and B) prepared the following segmented income statement:    A B Total Sales $ 300,000 $ 200,000 $ 500,000 Variable expenses 120,000 140,000 260,000 Contribution margin 180,000 60,000 240,000 Traceable fixed expenses 100,000 80,000 180,000 Segment margin $ 80,000 $ (20,000) 60,000 Common fixed expenses     50,000 Net operating income     $ 10,000 The dollar sales required for the company to break even is closest to: