! Required information [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Sales to outside parties $1,832 Blue $ 833 Green $ 535 Pink Black $ 330 $ 142 White $ 120 Intersegment revenues 37 112 130 Ө 37 323 Salary expense 635 400 423 333 338 83 Rent expense 160 187 102 113 63 52 Interest expense 86 80 103 70 35 Income tax expense (savings) 162 108 82 (107) (85) 26 Ө Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? (Enter your answer in dollars but not in thousands.) Volume of revenues

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
[The following information applies to the questions displayed below.]
The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Segments
Red
Sales to outside parties
$1,832
Blue
$ 833
Green
$ 535
Pink
Black
$ 330
$ 142
White
$ 120
Intersegment revenues
37
112
130
Ө
37
323
Salary expense
635
400
423
333
338
83
Rent expense
160
187
102
113
63
52
Interest expense
86
80
103
70
35
Income tax expense (savings)
162
108
82
(107)
(85)
26
Ө
Consider the following questions independently. None of the six segments have a primarily financial nature.
c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? (Enter your
answer in dollars but not in thousands.)
Volume of revenues
Transcribed Image Text:! Required information [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Sales to outside parties $1,832 Blue $ 833 Green $ 535 Pink Black $ 330 $ 142 White $ 120 Intersegment revenues 37 112 130 Ө 37 323 Salary expense 635 400 423 333 338 83 Rent expense 160 187 102 113 63 52 Interest expense 86 80 103 70 35 Income tax expense (savings) 162 108 82 (107) (85) 26 Ө Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? (Enter your answer in dollars but not in thousands.) Volume of revenues
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