Wayne, Inc

question 59

Multiple Choice

Wayne, Inc. has four operating segments with the following information: What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?

• A) $1,355,200.
• B) $1,293,000.
• C) $622,000.
• D) $1,230,800.
• E) $955,400.

Analyze and adjust budgets for service-oriented entities.

Understand the principles of budgeting in healthcare and service industries.

Learn how to prepare a planning budget based on projected activity levels.

Learn how to prepare a flexible budget based on actual activity levels.

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Definitions:

Price of X

The price of X refers to the cost to buyers of acquiring a unit of good or service X in the market.

Price of Y

the cost associated with acquiring or purchasing a specific good or service, denoted symbolically as "Y".

Wage Rate

The amount of money paid to an employee per unit of time, often per hour or year.

Labor Supply

The total number of hours that workers are willing and able to work at a given wage rate.