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faltersainse [42]
3 years ago
14

Grum Corp., a publicly owned corporation, is subject to the requirements for segment reporting.

Business
1 answer:
Orlov [11]3 years ago
7 0

Answer:

Option (d) $5,000,000

Explanation:

Data provided in the question:

Reported revenues = $50,000,000

Operating expenses = $47,000,000

Net income = $3,000,000

Payroll costs included in the operating expenses = $15,000,000

Combined identifiable assets of all industry segments = $40,000,000

Now,

If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.

Therefore,

Grum should disclose major customer data if

sales to any single customer amount at least = 10% of Reported revenues

= 10% of $50,000,000

= $5,000,000

Option (d) $5,000,000

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Answer:

$73 = unitary variable cost

Explanation:

<u>To calculate the unitary variable cost that will yield the break-even point, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

50,000= 100,000 / (75 - unitary variable cost)

3,750,000 - 50,000unitary variable cost= 100,000

3,650,000 = 50,000unitary variable cost

$73 = unitary variable cost

5 0
3 years ago
Beginning inventory, purchases, and sales for Item Widget are as follows: Mar. 1 Inventory 200 units at $8 9 Sale 175 units 13 P
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

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5 0
3 years ago
Which of the following jobs is considered a trade?
Rina8888 [55]
The correct answer is plumbing
5 0
2 years ago
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The U.S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complet
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Answer:

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Explanation:

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A wholly owned subsidiary allows the parent company to diversify, manage, and possibly reduce its risk.

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7 0
3 years ago
INVESTOR Corp. was interested in investing in bonds and, on 01/01/2012 purchased 8% bonds dated January 1, 2012. These bonds had
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
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