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June 3, 2024

advanced capstone accounting

The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands):

SegmentsRedBlueGreenPinkBlackWhiteSales to outside parties$ 1,817$ 818$ 520$ 315$ 127$ 105Intersegment revenues2297115022308Salary expense62038540831832368Rent expense14517287984837Interest expense716588552011Income tax expense (savings)1479367(92)(70)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?

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