Collins Company reported consolidated revenue of $120,000,000 in 20X8. Collins operates in two geographic areas, domestic and Asia. The following information pertains to these two areas:  Sales to External Interarea Sales Customers Between AffiliatesDomestic $70,000,000    $12,000,000  Asia $50,000,000    $8,000,000  What calculation below is correct to determine if the revenue test is satisfied for the Asian operations?

A. $50,000,000/$140,000,000
B. $50,000,000/$120,000,000
C. $58,000,000/$120,000,000
D. $58,000,000/$140,000,000


Answer: B

Business

You might also like to view...

Supply chain management software provides available to promise planning and capable to promise planning

Indicate whether the statement is true or false

Business

Bernard Company provided the following information from its financial records:         Net income$310,000? Total stockholders' equity$910,000? Common dividends$ 21,000 Common shares outstanding 12/31 131,000? Preferred rights$260,000?     What is the company's book value per share?

A. $2.37 B. $2.21 C. $6.95 D. $4.96

Business

List the basic steps to create a delivery-based WBS structure

What will be an ideal response?

Business

To create a positive online learning experience, ________.

A. the use of multiple types of media should be avoided B. content should be delivered using massed practice C. there should be prompts to promote self-regulation D. modules should be fairly long to promote overlearning

Business