Reference no: EM1346810
Slatter Corp operates primarily in the United States. However, few years ago, it opened plan in Spain to produce merchandise to sell there. This foreign operation has been so successful that throughout the past 24 months the company started a manufacturing plant in Italy and another in Greece. Financial information for each of these facilities follows:
Spain Italy Greece
Sales..........................$395,000 $272,000 $463,000
Intersegment transfers......... 0 0 62,000
Operating expenses..............172,000 206,000 190,000
Interest expense................ 16,000 29,000 19,000
Income taxes.................... 67,000 19,000 34,000
Long-lived assets...............191,000 106,000 72,000
The company's domestic (US) operations reported the following information for the current year:
Sales to unaffiliated customers.............$4,610,000
Intersegment transfers.........................427,000
Operating expenses...........................2,410,000
Interest expense...............................136,000
Income taxes...................................819,000
Long-lived assets.............................1,894,000
Slatter has adopted the following criteria for determining the materiality of an individual foreign country: (1) sales to unaffiliated customers within a country are 10 percent or more of consolidated sales or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets.
Apply Slatter's materiality tests to identify the countries to report seperately
|
How high is the sunflower on the spacecraft
: A 1300 {rm N} crate slides 13 {rm m} down a ramp that makes the angle of 30^circ with the horizontal. If the crate slides at a constant speed, how much thermal energy is created.
|
|
Question on segment margin
: Martin Company is a two-division firm and has following information available for this year:
|
|
Findiing the monthly mortgage payment
: Consider a GNMA mortgage pool with principal of $20m. Its maturity is thirty years with a monthly mortgage payment of 10% per year. Suppose there is no prepayment.
|
|
What is the minimum uncertainty in the position
: A machine part is made from a uniform solid disk of radius R = 0.18m and mass M = 8.3kg. A hole of radius R/2 is drilled into the disk, with center of the hole at the distance R/2 from the center of the disk.
|
|
Question on segment reporting
: Slatter Corp operates primarily in the United States. However, few years ago, it opened plan in Spain to produce merchandise to sell there. This foreign operation has been so successful that throughout the past 24 months the company started a manu..
|
|
Explain by how much did real gdp increase
: Explain by how much did real GDP increase between 2002 and 2003. Velocity in the country of Shem is always stable.
|
|
What is its initial acceleration of a large rocket
: In photo like the Hubble Deep Field, we see galaxies in many different stages of their lives. In general, which galaxies are seen in the earliest (youngest) stages of their lives.
|
|
Minimum amount of revenue
: Estilo Company has 3 operating segments with following information: What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable?
|
|
Elucidate what is michelle opportunity price of production
: Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
|