Wayne, Inc

question 45

Multiple Choice

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

• A) $4,080,000.
• B) $2,430,600.
• C) $1,293,000.
• D) $4,430,000.
• E) $1,355,200.

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Definitions:

Long Run

A period during which all factors of production and costs are variable, and firms can enter or exit the industry.

Total Revenue

The gross revenue from selling products or services before deducting any costs.

Fixed Cost

Expenditures that do not change with the level of production or sales, such as rent, salaries, and insurance.

Total Cost

the complete cost of production including both fixed and variable costs.