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OverLord2011 [107]
2 years ago
6

Which tests must a company use to determine which operating segments require separate disclosure? A) Revenue test and asset test

. B) Revenue test, profit or loss test, and asset test. C) Revenue test and profit or loss test. D) Profit or loss test and asset test. E) Revenue test, asset test, and liability test.
Business
1 answer:
Pachacha [2.7K]2 years ago
6 0

Answer:Revenue Test, profit or loss test and asset test are tests to determine which operating segments require separate disclosure.

Explanation:Revenue Tests is the rough determination of the price elasticity of demand for a company's product, this is done by evaluating changes in income that may arise from price change.

Profit or loss test determines if the business is profitable or not.

An asset test is the company's ability to meet it's short term legal responsibilities.

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Answer:

Stuart Manufacturing Company

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Explanation:

a) Data and Calculations:

Cash Account

Common stock $89,000

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Equipment         (40,000)

Salaries               (12,000)

Wages                (21,000)

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Sales                   72,000

Cash balance  $30,000

Inventory:

Cost = $26,000

Units produced = 10,000 units

Cost per unit = $2.60 ($26,000/10,000)

Cost of goods sold = 8,000 * $2.60 = $20,800

Ending inventory = 2,000 * $2.60 = $5,200

Sales Revenue = 8,000 * $9 = $72,000

Assets:

Cash                     $30,000

Ending inventory     5,200

Furniture               32,000

Equipment            40,000

Total                  $107,200

b) An asset is something that brings in future cash flows to the business entity.  It is made up of Cash and Cash Equivalents, Inventories, Property, Plant, Equipment, and other business investments.  Assets are funded from finance provided by creditors and the equity owners, and they generate economic values.

5 0
3 years ago
At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha
valkas [14]

Answer:

2.5

Explanation:

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P2=$300

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S2=300000

The percentage change in price is:

\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%

The percentage change in supply is:

\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%

The price elasticity of supply is given by:

E=\frac{\Delta S}{\Delta P}=\frac{100\%}{40\%}=2.5

The price elasticity of supply is 2.5.

4 0
3 years ago
Economists define "programmed spending behavior" as being spending that is frequent and is done with relatively little thought.
Alexandra [31]

Answer: D) buying coffee in the morning

3 0
3 years ago
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You are choosing between these four investments and you want to be​ 95% certain that you do not lose more than 8.00 % on your in
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Answer:

Corporate Bonds and T-Bills will have return above 8%

Explanation:

given data

investments  = 4

investment = 8 %

solution

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and here  investment returns and standard deviation are attach so

95% confidence interval = Return - 2 × SD to Return + 2 × SD    ................a

so here

we can see here as per table attach

here only Corporate Bonds and T-Bills will have return above 8%    

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3 years ago
Identify which of the following statements is false. A. The AAA balance can be​ negative, but the​ shareholder's basis in the S
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Answer:

(B) Nonmoney property distributions made by an S corporation having accumulated​ E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated​ E&P.

Explanation:

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3 years ago
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