What is the minimum amount of sales to major customer

Assignment Help Accounting Basics
Reference no: EM132851907

Problem 1: Entei is subject to the requirements of segment reporting. In the income statement for the current year, the entity reported revenue of  P50,000,000 excluding intersegment sales of P10,000,000, expenses of P47,000,000 and net income of P3,000,000. Expenses included payroll costs of P15,000,000. The combined total assets of all operating segments at year-end amounted to P45,000,000. What is the
minimum amount of sales to a major customer?

Reference no: EM132851907

Questions Cloud

What portion of the class got an exam grade : What portion of the class got an exam grade less than or equal to Tea's exam grade? Use the table above to answer this question.
Identify three audit steps would take to insure : Warehouse locations and recording the shipments as ("sham") sales revenue. Identify three audit steps you would take to insure that this is not occurring?
What is the sensitivity of the test : A new cancer screen method was tested on 500 individuals know to have or not have cancer. The results are tabulated below.
Find what amount should abby corporation capitalize : The old machine was sold for less than its book value. At what amount should Abby Corporation capitalize the new processing machine?
What is the minimum amount of sales to major customer : The combined total assets of all operating segments at year-end amounted to P45,000,000. What is the minimum amount of sales to a major customer?
New equipment-to pay cash-rent-get loan or lease : EAGLE SOAR needs new, state of the art equipment. The management team has already identified a vendor for this equipment and a package
Construct anova having sources and df only in integers : In an experiment two factors will be investigated Spray for insecticides having 4 types and 6 types of fertilizers. The researcher wish to carry the experiment
Make a prediction for sales : Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars)
What is the minimum revenue of a reportable segment : Interest earned on loans to other industry segments, P400,000. Under the revenue test, what is the minimum revenue of a reportable segment?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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