Explaining the importance of segmented information

Assignment Help Financial Accounting
Reference no: EM131224073

Suppose that management is considering preparing segmented information but is unsure on how to identify a segment and is unsure on why the information is important. Outline a brief memo to management explaining the importance of segmented information, and create an action plan on the main steps management should take to identify a segment. Also, provide your opinion on the effect segmented information will have on the company’s financial disclosure.

Reference no: EM131224073

Questions Cloud

For organizations that do not pay income taxes : For organizations that do not pay income taxes, the depreciation taken on a long term asset in future periods is
Reported profit for tax purpose in regard to the item : A fully franked cash divident of 21009 was received from ABC finance pyt ltd. An amount of 57000 was paid on 1 march 2016 for two years rental of storage space. the lease expires on 28 February 2018.in company account 9500 was expensed and 47500 was ..
Value of the real estate dropped dramatically : Jimmy has fallen on hard times recently. Last year he borrowed $271,000 and added an additional $95,500 of his own funds to purchase $366,500 of undeveloped real estate. This year the value of the real estate dropped dramatically, and Jimmy’s lender ..
Suppose firm faces a current tax rate : Suppose a firm faces a current tax rate of 35% but expects this rate to fall to 20% in the future. Employees on average face a current marginal tax rate of 31% but expect this rate to fall to 20% when they retire in 15 years. The firm can earn 12% pr..
Explaining the importance of segmented information : Suppose that management is considering preparing segmented information but is unsure on how to identify a segment and is unsure on why the information is important. Outline a brief memo to management explaining the importance of segmented information..
Considered a growth firm and which is value firm : Ford has the following datas with corresponding years as follows, year 2012,2013 ,2014 and 2015 market to book ratio are 3.03,2.27,2,44, and 1.95, and Microsoft has the corresponding datas as follows ,2012,2013,2014,and 2015 the corresponding Market ..
Compute company break-even point in unit sales-dollar sales : Outback Outfitters sells recreational equipment. One of the company’s products, a small camp stove, sells for $50 per unit. Variable expenses are $32 per stove, and fixed expenses associated with the stove total $108,000 per month. Compute the compan..
Pension and deferred compensation is tax preferred : Suppose a firm faces a current tax rate of 35% but expects this rate to fall to 20% in the future. Employees on average face a current marginal tax rate of 31% but expect this rate to fall to 20% when they retire in 15 years. Which among salary, pens..
Prepare new contribution format income statement : Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

Reviews

Write a Review

Financial Accounting Questions & Answers

  Dividends declared on common stock

Dividends declared on common stock 230,000-Dividends declared on preferred stock 80,000

  Select a publicly quoted company obtain the annual report

select a publicly quoted company. obtain the annual report 10-k of the company for the immediate past year. an

  Tax law provides methods of cost recovery for assets

The tax law provides four methods of cost recovery for assets: 1) immediate deduction of the total cost when paid or incurred; 2) deferral of cost until the property is sold or otherwise disposed of; 3) deduction based on a percentage of income from ..

  Question1 albertville has a direct labor standard of two

question1 albertville has a direct labor standard of two hours per unit of output. all employee has a standard wage

  Compute cost-efficiency variances for direct labor-materials

A company that uses a standard cost accounting system manufactured 20,000 boat fenders during 2014, using 144,000 square feet of extruded vinyl purchased at $1.05 per square foot. Compute the cost and efficiency variances for direct materials and dir..

  Record the initial bond issuance

Star mart company inc issued $100000 of bonds payable on June 30 2010. The bonds are to be redeemed in five years while paying interest semiannually at the contract rate of 10% each June 30th and December 31st.

  Calculate amount of revenue that hearstrings will recognize

Heartsrings sells an assortment of gifts for any occasion During October Heartsring started a Gift of the month program Under the terms of this program beginning n the month of the sale, Hearstrings would select and deliver a random gift each month o..

  Debit salaries and wages expense and credit salaries

Assume that Best Buy made a December 31 adjusting entry to debit Salaries and Wages Expense and credit Salaries and Wages Payable for $4,140 for one of its departments. On January 2, Best Buy paid the weekly payroll of $7,270. Prepare Best Buy’s (a) ..

  Percentage-of-completion method of accounting

Monroe Construction Company uses the percentage-of-completion method of accounting. In 2015, Monroe began work on a contract it had received, which provided for a contract price of $15,000,000. Other details are as follows: cost incurred during 2015 ..

  Tax planning considerations for employees

Write a report (5 pages) named Tax Planning Considerations for Employees. The report will involve tax planning issues related to the organization’s employees. USco designs and manufactures specialized equipment used in various manufacturing applicati..

  You have been asked by the president of your company to

you have been asked by the president of your company to determine the proposed acquisition of a new special-purpose

  Analysis of financial statement using horizontal

analysis of financial statement using horizontal analysis.common-size statement analysisa common-size income statement

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd