The following is financial Information describing the six operating segments that make up Chucktown Sauce Company (In thousands): Segments Red Sales to outside parties $ 1,813 Blue $ 814 Green Pink Black White $ 516 $ 311 $ 123 $ 101 Intersegment revenues 18 93 111 0 18 384 Salary expense 616 381 404 314 319 64 Rent expense 141 168 83 94 44 33 Interest expense 67 61 84 51 16 7 Income tax expense (savings) 143 89 63 (88) (66) в 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? Note: Enter your answer in dollars but not in thousands. Volume of revenues

The following is financial Information describing the six operating segments that make up Chucktown Sauce Company (In thousands): Segments Red Sales to outside parties $ 1,813 Blue $ 814 Green Pink Black White $ 516 $ 311 $ 123 $ 101 Intersegment revenues 18 93 111 0 18 384 Salary expense 616 381 404 314 319 64 Rent expense 141 168 83 94 44 33 Interest expense 67 61 84 51 16 7 Income tax expense (savings) 143 89 63 (88) (66) в 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? Note: Enter your answer in dollars but not in thousands. Volume of revenues

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Data for the three operating segments of Polyglot Company for the fiscal year ended June 30, 2006 were as follows (amounts in thousands): Alpha Beta Gamma TotalSales to outside customers $400 $500 $600 $1,500Intersegmental sale 50 40 30 120Traceable Expenses Intersegmental purchases 60 20 40 120Other 200 300 500 1,000Nontraceable expenses 150 Prepare a working paper to compute revenue and segment profit or loss for each segment. Nontracable expenses are allocated using the follow percentages: Alpha 27%; Beta 33%; Gamma 40%.