subject
Business, 31.03.2020 18:58 youdontknowme8989

On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands):

Current Year Prior Year
Accounts receivable, net of allowances of $213 and $177 $14,189 $11,938
Net sales revenue 61,920 52,622

Requied:
a. What amount of bad debts was written off during the current year?
b. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account.

ansver
Answers: 1

Another question on Business

question
Business, 23.06.2019 01:00
To travelers know what to expect researchers collect the prices of commodities
Answers: 2
question
Business, 23.06.2019 02:20
When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable
Answers: 2
question
Business, 23.06.2019 04:50
Which of the following results from the latest decision round is most important in providing guidance to company managers make in strategic moves and decisions to improve their companies competitiveness and rank among the top-performing companies in the current decision round
Answers: 3
question
Business, 23.06.2019 15:00
Jenny​ walters, who owns a real estate​ agency, bought an old house to use as her business office. she found that the ceiling was poorly insulated and that the heat loss could be cut significantly if six inches of foam insulation were installed. she estimated that with the​ insulation, she could cut the heating bill by​ $80 per month and the​ air-conditioning cost by​ $70 per month. assuming that the summer season is three months​ (june, july, and​ august) of the year and that the winter season is another three months​ (december, january, and​ february) of the​ year, how much can jenny spend on insulation if she expects to keep the property for five​ years? assume that neither heating nor​ air-conditioning would be required during the fall and spring seasons. if she decides to install the​ insulation, it will be done at the beginning of may.​ jenny's interest rate is​ 6% compounded monthly.
Answers: 3
You know the right answer?
On its recent financial statements, Hassell Fine Foods reported the following information about net...
Questions
question
Social Studies, 03.08.2019 21:30
Questions on the website: 13722367