The following data relate to Elle Corporation's industry segments. (Elle HQ represents the corporate headquarters). All other segments are geographical sales segments.
Required:
1. Prepare a report which reconciles the reportable segment profits to total consolidated profits assuming that corporate expenses are not allocated to the operating segments.
2. Prepare a report which reconciles the reportable segment profits to total consolidated profits assuming that corporate expenses are allocated evenly among the operating segments.
Definitions:
Open Mind
The willingness to consider or accept new and different ideas or opinions.
Negative Attitude
A habitual disposition to perceive and react to situations, people, or objects in a pessimistic or discouraging manner.
Productivity
The measure of effectiveness in producing outputs from a given set of inputs, often used in economic and business contexts.
Monetary Rewards
Financial incentives given to employees or individuals for meeting performance targets or for recognition of their contributions.
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