User Account

All Pages

What was Segment Ys operating profit

Assignment Help Accounting Basics
Reference no: EM133146959

Question - Mack Co. discloses segment information. Mack Co. has three segments, namely Segment X, Segment Y, and Segment Z. For the year ended December 31, 2022, Segment X, Y, and Z, respectively reported sales and traceable operating costs of P7,500,000 and P5,500,000, P12,000,000 and P9,000,000, P18,000,000 and P11,000,000. During 2022, Mack Co. incurred P6,000,000 operating costs that were not directly traceable to any of the segments. In addition, Mack Co. incurred P2,000,000 general corporate expenses, including interest of P500,000. Appropriate common expenses are allocated to segments based on the ratio of segment's sales to total sales. What was Segment Y's operating profit for 2022?

Reference no: EM133146959

Questions Cloud

Prepare the income tax provision model and journal entry : Pretax financial income for GAAP purposes was $250,000. Prepare the income tax provision model and journal entry for 2020
What was segment y operating profit : Appropriate common expenses are allocated to segments based on the ratio of segment's sales to total sales. What was Segment Y's operating profit for 2022
What would be the provision charged : Sales in the second quarter were P18,000,000. What would be the provision charged in the second quarter's interim financial statements
What total amount of expenses relating to these items : In the interim income statement for the six months ended June 30, 2022, what total amount of expenses relating to these items should be reported
What was Segment Ys operating profit : Appropriate common expenses are allocated to segments based on the ratio of segment's sales to total sales. What was Segment Y's operating profit for 2022
Defined benefit plan and defined contribution plan : What are the advantages of a defined benefit plan and defined contribution plan?
Prepare correcting entries : Prepare correcting entries - Sales on credit of P829 were debited to Accounts Receivable for P892 and credited to Revenues for P829
Systematic approach to develop training plan : You will use a systematic approach to develop a training plan, starting with a needs assessment, developing learning objectives, describing approaches
What is the present value of a security : What is the present value of a security that will pay P290000 in 20 years if securities of equal risk pay 5% annually

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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