Problem

Major CustomersSales by Knight Inc. to major customers are as follows: CustomerSale...

Major Customers

Sales by Knight Inc. to major customers are as follows:

Customer

Sales

Reporting Segment

State of Illinois

$2,700,000

Computer hardware

Cook County, Illinois

3,500,000

Computer software

U.S. Treasury Department

3,900,000

Service contract

U.S. Department of Defense

2,200,000

Service contract

Bank of England

4,650,000

Computer software

Philips NV

2,850,000

Computer hardware

Honda

5,400,000

Computer hardware

Required

If worldwide sales total $43,000,000 for the year, which of Knight’s customers should be dis­closed as major customers?

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Solutions For Problems in Chapter 13