Business, 25.02.2020 21:06 juan1216av
Macrosoft develops, produces, and markets a wide range of computer software. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable (amounts in millions).
Year1 Year2
Accounts receivable, net of allowances of $333 and $375 $14,987 $13,014
Net revenues $69,943 $62,484
According to its annual, Microsoft recorded bad debt expense of $14 and there were no bad debt recoveries during the year 2 and did not reinstate any previously written-off accounts.
Required:
(1) What amount of bad debts was written off during year 2?
(2) Assuming that all of Microsoft's sales during the period were on open account, compute the amount of cash collected from customers for year 2.
Answers: 1
Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
Business, 22.06.2019 23:40
Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?
Answers: 2
Business, 23.06.2019 00:30
Dr. hughes enjoys offering to employees who perform over and above the call of duty
Answers: 1
Business, 23.06.2019 00:50
Janis owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too quickly, janis sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the (menu costs/ unit of account costs/ shoesleather costs) of inflation. pick one
Answers: 3
Macrosoft develops, produces, and markets a wide range of computer software. On its recent financial...
English, 18.09.2019 21:50
Social Studies, 18.09.2019 21:50
Mathematics, 18.09.2019 21:50
Biology, 18.09.2019 21:50
History, 18.09.2019 21:50
Physics, 18.09.2019 21:50
Mathematics, 18.09.2019 21:50
Mathematics, 18.09.2019 21:50
Chemistry, 18.09.2019 21:50