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Peterson Corporation has three operating segments with the following information: Mowers Edgers Weedeaters Sales to outsiders $ 25,000 $ 13,000 $ 1,000 Intersegment transfer $
Peterson Corporation has three operating segments with the following information:
Mowers | Edgers | Weedeaters | |||||||||||||||||
Sales to outsiders | $ | 25,000 | $ | 13,000 | $ | 1,000 | |||||||||||||
Intersegment transfer | $ | 1,000 | $ | none | $ | 2,000 | |||||||||||||
What amount of revenue must be generated from one customer before such party must be identified as a major customer?
A. $3,900.
B. $4,000.
C. $4,100.
D. $4,200
E. $4,400
Elektronix, Inc. has three operating segments with the following information:
DVDs | VCRs | MP3s | |||||||||||||||||
Sales to outsiders | $ | 4,000,000 | $ | 500,000 | $ | 2,000,000 | |||||||||||||
Intersegment transfer | none | none | $ | 100,000 | |||||||||||||||
Segment expenses | $ | 3,000,000 | $ | 624,000 | $ | 1,700,000 | |||||||||||||
Segment assets | $ | 14,000,000 | $ | 6,000,000 | $ | 5,000,000 | |||||||||||||
What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?
A. $650,000.
B. $660,000.
C. $670,000.
D. $680,000.
E. $690,000.
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