Answer:
A) Entertainment, Lodging, and Services
Explanation:
Under Generally Accepted Accounting Principles (GAAP), you need to follow these rules to report segment data:
- If at least 10% of revenues, profit or combined assets are under one segment.
- And together with the above the total revenue must overcome the 75% of the entity.
Revenues Assets Rev/Assets
Food 500 2.000 3%
Beverages 1.300 6.000 9%
Entertainment 2.500 10.000 14%
Lodging 5.000 20.000 29%
Services 22.000 28.000 41%
International 700 3.000 4%
32.000 69.000 100%
A) Entertainment, Lodging, and Services
- Revenues 92% of total entity.
- Assets 84% of total entity.
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Answer:
vertical integration strategy
Explanation:
In supply chain management, vertical integration refers to expanding the company's operations to either include some of its vendors, distributors and retailers, or both. This way, the company will be able to control the upstream of the supply chain management (vendors) and/or the downstream (distributors and retailers).
In this case, Beatrice is advocating for a vertical integration strategy in order for the company to expand into dairy farms. This way they company will control the supply of raw milk.
Answer:
True
Explanation:
Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.
Answer:
Refer To The attached screen shot. It contains the Income Statement Prepared under Absorption Costing.
Explanation:
Absorption Costing assumes that the Manufacturing Costs include Direct Material, Direct Labor, Variable Overhead, and Fixed Overhead. Whereas, Selling and Administrative Expenses are classified as period Costs. These period costs are recognized in the period in which they are incurred. On the other hand, the manufacturing costs are recognized when the goods on which the costs were incurred are sold. That's why we don't recognize $78,000 as a Fixed Overhead because these overhead costs were incurred to produce 6,000 rackets. We have to calculate the fixed overhead cost per unit and multiply it with the units sold.
I hope I made it clear. If you have any queries, feel free to contact me.
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