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Required information Skip to question [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that
Required information
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[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 | Blue | Green | Pink | Black | White | ||||||||||||||||||
Sales to outside parties | $ | 1,823 | $ | 824 | $ | 526 | $ | 321 | $ | 133 | $ | 111 | |||||||||||
Intersegment revenues | 28 | 103 | 121 | 0 | 28 | 314 | |||||||||||||||||
Salary expense | 626 | 391 | 414 | 324 | 329 | 74 | |||||||||||||||||
Rent expense | 151 | 178 | 93 | 104 | 54 | 43 | |||||||||||||||||
Interest expense | 77 | 71 | 94 | 61 | 26 | 17 | |||||||||||||||||
Income tax expense (savings) | 153 | 99 | 73 | (98 | ) | (76 | ) | 0 | |||||||||||||||
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.)
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