Sales by Knight Inc. to major customers are as follows: Required If worldwide sales total $43,000,000 for
Question:
Required
If worldwide sales total $43,000,000 for the year, which of Knights customers should be disclosed as majorcustomers?
Transcribed Image Text:
Customer Sales Reporting Segment State of llinois Cook County, Illinois U.S. Treasury Department U.S. Department of Defense Bank of England Philips NV Honda $2,700,000 Computer hardware Computer software Service contract 3,500,000 3,900,000 2,200,000 Servi 4,650,000 2,850,000 ce contract Computer software Computer hardware 5,400,000 Coputer hardware
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Major customers are those to whom sales equal or exceed 4300000 43000000 x 010 Gove...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Question Posted:
Students also viewed these Accounting questions
-
Compare the number of new businesses per 10,000 residents between Professional and Agriculture SA3s (both in 2011). The p-value (2 decimal places) obtained after performing a one-tailed t-test for...
-
Return to a. Sales for March total 25,000 units. Forecasted sales in units are as follows. April, 25,000; May, 17,000; June, 22,400; and July. 25,000. Sales of 259,000 units are forecasted for the...
-
Worldwide sales of iPhones are shown in Table 12 for the last three months of various years. Let s be worldwide iPhone sales (in millions) for the last three months of the year that is t years since...
-
In its first year of operation, Oriole Printing Shop estimated manufacturing overhead costs and activity in order to determine a predetermined overhead rate. At year end, March 31, overhead was...
-
In Exercises, match the function with one of the graphs (a)-(f), which follow. a. b. c. d. e. f. 1. f(x) = -2x - 1 2. f(x) = - (1/2)x 3. f(x) = ex + 3 4. f(x) = ex+1 4 3 5-4-3-2- 2 3 4 5 T -4...
-
The president of DePaul University wants to conduct a survey to determine the communitys opinion regarding campus safety. The president divides the DePaul community into three groups: resident...
-
A negatively charged particle is held in position and then released in a region where a uniform magnetic field points in the positive \(x\) direction and a uniform electric field points in the...
-
Hitchcock, Michelson, and Jasper, a partnership, is considering admitting Ken Saunders as a new partner. On July 31 of the current year, the capital accounts of the three existing partners and their...
-
15 16 17 18 In 1987, an agreement was formulated by the United Nations Environment Programme (UNEP) to freeze the production of "X" to prevent depletion of "Y". "X" and "Y" respectively referred here...
-
Write an address book program that stores your contacts' names and their email addresses. The names and email addresses are originally stored in a file called phonebook.in, in the format: Harry...
-
Information about the domestic and foreign operations of Radon Inc. is as follows: Required Prepare schedules showing appropriate tests to determine which countries are material using a10 percent...
-
Supra, Inc., estimates total federal and state tax rates to be 40 percent. Expected annual pretax earnings from continuing operations are $1,200,000. Differences between tax income and financial...
-
An investor is considering a two-asset portfolio. Stock A has an expected return of $4.50 per share with a standard deviation of $1.00, while stock B has an expected return of $3.75 with a standard...
-
To constitute a gift, a voluntary transfer of property must be supported by consideration. (True/False)
-
The insurable interest in life insurance must exist at the time the policy is obtained. (True/False)
-
Jills monthly income is $2,000, her monthly expenses are $2,800, and her debts are nearly $40,000. To obtain a fresh start, Jill could file for bankruptcy under a. Chapter 7. b. Chapter 11. c....
-
Mountainview Resort made annual contributions to its employees pension fund. During the latest recession, business began to decline. Mountainviews owners obtained a loan from Investco Bank. Two years...
-
McLane Company supplies and distributes goods to retailers. McLane requires employees with physically demanding jobs to take physical evaluations. Damiana Ochoa had such a job with McLane for eight...
-
The vapor pressure of liquid ethanol at 126C is 505 kPa, and its second virial coefficient at this temperature is 523 cm 3 /mol. a. Calculate the fugacity of ethanol at saturation at 126C assuming...
-
1-Stern observed all of the following results EXCEPT _______ in his experiment. A-one of the recombinant phenotypes was associated with an X chromosome of normal length B-the number of car, B+ male...
-
What are some features of healthcare reform that affect healthcare insurance and reimbursement?
-
On December 31, 20X2, your companys Mexican subsidiary sold land at a selling price of 3,000,000 pesos. The land had been purchased for 2,000,000 pesos on January 1, 20X1, when the exchange rate was...
-
On December 31, 20X2, your companys Mexican subsidiary sold land at a selling price of 3,000,000 pesos. The land had been purchased for 2,000,000 pesos on January 1, 20X1, when the exchange rate was...
-
On December 31, 20X2, your companys Mexican subsidiary sold land at a selling price of 3,000,000 pesos. The land had been purchased for 2,000,000 pesos on January 1, 20X1, when the exchange rate was...
-
Moxie Inc., a company that produces typewriter replicas, has fixed costs of $20,000 and variable costs of $18 per unit of output. Their expected unit sales is 10,000 units. What is the unit cost of...
-
What if Scenrio May stays as planned but that your supplier tells you that you will not receive any shipments for the rest of the year for the following games: boggle, telestrations, ticket to ride,...
-
enjamin and Nellie Barker have taxable income of $120,000. Several of the items used to calculate their taxable income included W-2 wages of $150,000, and Net Long-Term Capital Losses of $6,000....
Study smarter with the SolutionInn App