[The following information applied to the questions displayed below] Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,817 22 620 145 71 147 Blue $ 818 97 385 172 65 93 Green $ 520 115 408 87 88 67 Pink $ 315 0 318 98 55 (92) Black $ 127 22 323 48 20 (70) White $ 105 308 68 37 11 0 Consider the following questions independently. None of the six segments has 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.)
[The following information applied to the questions displayed below] Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,817 22 620 145 71 147 Blue $ 818 97 385 172 65 93 Green $ 520 115 408 87 88 67 Pink $ 315 0 318 98 55 (92) Black $ 127 22 323 48 20 (70) White $ 105 308 68 37 11 0 Consider the following questions independently. None of the six segments has 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Visno
![Required information
[The following information applies to the questions displayed below.]
Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Sales to outside parties
Intersegment revenues
Salary expense
Rent expense
Interest expense
Income tax expense (savings)
Red
$1,817
22
620
145
Volume of revenues
71
147
Blue
$ 818
97
385
172
65
93
Segments
Green
$ 520
115
408
87
88
67
Pink
$ 315
@
318
98
55
(92)
Black
$ 127
22
323
48
20
(70)
White
$ 105
308
68
37
11
e
Consider the following questions independently. None of the six segments has 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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa3fdd08-9123-4d6b-bdf4-215ed2fee04e%2F3c5f1452-3be5-4ac6-9525-f395a47c23c1%2Fnbw2ym_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Sales to outside parties
Intersegment revenues
Salary expense
Rent expense
Interest expense
Income tax expense (savings)
Red
$1,817
22
620
145
Volume of revenues
71
147
Blue
$ 818
97
385
172
65
93
Segments
Green
$ 520
115
408
87
88
67
Pink
$ 315
@
318
98
55
(92)
Black
$ 127
22
323
48
20
(70)
White
$ 105
308
68
37
11
e
Consider the following questions independently. None of the six segments has 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.)
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