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Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Blue Green Pink Black White Sales to
Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Segments | |||||||||||||||||||||||
Red | Blue | Green | Pink | Black | White | ||||||||||||||||||
Sales to outside parties | $ | 1,825 | $ | 826 | $ | 528 | $ | 323 | $ | 135 | $ | 113 | |||||||||||
Intersegment revenues | 30 | 105 | 123 | 0 | 30 | 316 | |||||||||||||||||
Salary expense | 628 | 393 | 416 | 326 | 331 | 76 | |||||||||||||||||
Rent expense | 153 | 180 | 95 | 106 | 56 | 45 | |||||||||||||||||
Interest expense | 79 | 73 | 96 | 63 | 28 | 19 | |||||||||||||||||
Income tax expense (savings) | 155 | 101 | 75 | (100 | ) | (78 | ) | 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?
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