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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.
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):
Segments | |||||||||||||||||||||||
Red | Blue | Green | Pink | Black | White | ||||||||||||||||||
Sales to outside parties | $ | 1,813 | $ | 814 | $ | 516 | $ | 311 | $ | 123 | $ | 101 | |||||||||||
Intersegment revenues | 18 | 93 | 111 | 0 | 18 | 304 | |||||||||||||||||
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 | ) | 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.)
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