Business, 13.08.2020 01:01 Yumimiku5989
For many years, Clark Company operated exclusively in the United States but recently expanded its operations to the Pacific Rim countries of New Zealand, Singapore, and Australia. After a modest beginning in these countries, recent successes have resulted in an increased level of operations in each country. Operating information (in thousands of U. S. dollars) for the company’s domestic and foreign operations follows:
United States New Zealand Singapore Australia
Sales to unaffiliated $2,500 $320 $60 120
Interarea sales 100 10
Long-lived assets 1,820 290 70 30
Operation expenses 2.200 280 140 80
In addition, common costs of $120,000 are to be allocated to operations on the basis of the ratio of an area's sales to non-affiliates to total company sales to non-affiliates
Required:
A. Determine the profit or loss for each geographic segment.
B. Determine which, if any, of the three individual foreign geographic segments is seperately reportable using a 10% material threshold.
Answers: 3
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