subject
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.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Elizabeth believes her company has discriminated against her because her minority coworkers, who are less qualified, have been promoted ahead of her. which agency should elizabeth contact? - national alliance of business- affirmative action council- equal employment opportunity commission- federal trade commission- fair employment practices agency
Answers: 2
question
Business, 21.06.2019 23:30
Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?
Answers: 2
question
Business, 22.06.2019 11:20
Which stage of group development involves members introducing themselves to each other?
Answers: 3
question
Business, 23.06.2019 02:30
Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false
Answers: 2
You know the right answer?
Macrosoft develops, produces, and markets a wide range of computer software. On its recent financial...
Questions
question
Health, 07.04.2021 19:20
question
Advanced Placement (AP), 07.04.2021 19:20
Questions on the website: 13722367