This is all in the same question essentially.

1.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?

Multiple Choice

• $1,355,200.

• $1,293,000.

• $622,000.

• $1,230,800.

• $955,400.

2.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

What is the operating profit or loss for the Cabinets segment?

Multiple Choice

• $745,000.

• $995,000.

• $1,155,000.

• $987,000.

• $1,250,000.

3.

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 operating profit or loss for the VCRs segment?

Multiple Choice

• $121,000 profit.

• $121,000 loss.

• $124,000 profit.

• $124,000 loss.

• $500,000 profit.

4.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

Which operating segments are separately reportable under the revenue test?

• Tables and Chairs.

• Bookcases only.

• Tables, Bookcases, and Chairs.

• Bookcases, Cabinets, and Chairs.

• Tables, Bookcases, Cabinets, and Chairs.

5.

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

Which operating segments are separately reportable under the revenue test?

Multiple Choice

• DVDs only.

• DVDs and MP3s.

• DVDs and VCRs.

• VCRs and MP3s.

• DVDs, VCRs, and MP3s.

6.

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

Which operating segments are separately reportable under the operating profit or loss test?

Multiple Choice

• DVDs only.

• DVDs and MP3s.

• DVDs and VCRs.

• VCRs and MP3s.

• DVDs, VCRs, and MP3s.

7.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

What is the minimum amount of operating profit or loss an operating segment must have to be considered a reportable segment?

• $277,000.

• $307,500.

• $279,800.

• $257,000.

• $217,600.

I broke this down into parts, it is actually one homework problem and i can't seem to figure it out, Please help me out..this problem is huge!

Thank you so much in advance