Cherokee Company reported consolidated revenue of $90,000,000 in 20X5. Cherokee operates in two geographic areas, domestic and Europe. The following information pertains to these two areas: Sales to External Interarea Sales Customers Between AffiliatesDomestic $62,000,000 $6,000,000 Europe $28,000,000 $4,000,000 What calculation below is correct to determine if the revenue test is satisfied for the European operations?
A. $28,000,000/$90,000,000
B. $28,000,000/$100,000,000
C. $32,000,000/$90,000,000
D. $32,000,000/$100,000,000
Answer: A
You might also like to view...
Sellers must label their products. Labels serve many purposes beyond just "naming" the product. List the additional services provided by a product's label
What will be an ideal response?
A(n) ____________________ pay rate schedule is based on production output.
Fill in the blank(s) with the appropriate word(s).
"Making it right the first time" is the focus of the user-based definition of quality
Indicate whether the statement is true or false
Market value ratios indicate:
A. ?the effect of liquidity, asset management, and debt management on operating results. B. ?how much debt the firm has and whether it can take on more debt. C. ?the firm's ability to meet its current obligations. D. ?how effectively a firm is managing its assets. E. ?what investors think of the company's future prospects based on its past performance.