Reference no: EM132911465
Question - Nike, Inc., is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2017 financial statements contain the following information ($ in millions):
Balance sheets: 2017
Accounts receivable, net $3,677 $3,241
Income statements:
Sales revenue $34,350
2016 Balance sheets:
Accounts receivable, net $3,241
Income Statements:
Sales revenue $32,376
A note disclosed that the allowance for uncollectible accounts had a balance of $19 million and $43 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $40 million. Assume that all sales are made on a credit basis.
Required -
1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016?
2. What is the amount of bad debt write-offs during 2017?
3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2017.
4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017.
|
Differences between related and conglomerate diversification
: a. When should a firm adopt diversification strategy? Show the differences between related and conglomerate diversification.
|
|
Compute dion share of the s corporation items
: Compute Dion's share of the following S corporation items. Dion, an S shareholder, owned 20% of MeadowBrook's stock for 292 days and 25% for remaining 73 days.
|
|
Corporate culture of the johnson and johnson corporation
: What kind corporate culture does the Johnson and Johnson corporation have networked, communal, fragmented or mercenary culture and why do you think its that one
|
|
What is the wacc for the calgary company
: What is the WACC for the company? Preferred Stock: 180,000 shares of 10 percent preferred stock with a current price of $73, and a par value of $100.
|
|
Analyze changes in the gross accounts receivable account
: Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2017
|
|
Percentage of unsuitable items
: A small appliance manufacturer must meet (on time) the following demands: quarter 1, 3000 units; quarter 2, 2000 units, quarter 3, 4000 units.
|
|
Determine what is the current stock price
: Forever 21 is expected to pay an annual dividend of $3.54 per share in one year. What is current stock price if the annual dividend of $3.54 has just been paid?
|
|
What is meant by the term conflict of interest
: Define what is meant by the term "Conflict of Interest". Using examples published in online news sources, describe TWO (2) potential problems that arise from co
|
|
Create an analysis of how a christian worldview
: Create an analysis of how a Christian worldview could impact your company's Mission and Vision statements and its business practices
|