User Account

All Pages

What is the amount of net receivables at the end of the year

Assignment Help Accounting Basics
Reference no: EM132676912

Question - Obtain a copy of the annual report of Avon Products, Inc. for the most recent year. You can find the annual report at the company's website in the investor information section or at the Securities and Exchange Commission's website. Using EDGAR (Electronic Data Gathering Analysis and Retrieval). Form 10-K, which includes the annual report is required to be filed on EDGAR. Search or scroll within the annual report to find the financial statements.

Required: Answer the following questions related to the company's accounts receivable and bad debts:

1. What is the amount of net receivables at the end of the year?

2. What is the amount of bad debt expense for the year? (Hint: Check the statement of cash flows)

3. Calculate the receivables turnover ratio and average collection period for the most recent year. Round your answer to one decimal place. Assuming the industry averages for the receivables turnover ratio and average collection period at 10.5 times and 34.8 days, respectively, what do you conclude about the receivables of Avon?

Reference no: EM132676912

Questions Cloud

Interest rates and exchange rates : The economic theory stated that interest rates and inflation rates correlate, i.e., interest rates are a good indicator of expected future inflation rates
Compute the income tax payable and deferred tax liability : For tax purposes, the deduction is 40%, 30%, 20%, and 10% in those years. Compute the income tax payable and deferred tax liability
The growth of trade across borders : The growth of trade across borders over the past 3 decades has led to a significant growth in exports and imports as businesses tried to cut their costs
Many contemporary philosophers disagree : "Many contemporary philosophers disagree...they believe that we should...seek some general theory of justice in economic distribution,
What is the amount of net receivables at the end of the year : Obtain a copy of the annual report of Avon Products, Inc. for the most recent year. What is the amount of net receivables at the end of the year
Many contemporary philosophers disagree : Think of a company you know - whether as a customer, employee, supplier, etc. -- which is earning substantial profits in spite of the 2020 Covid pandemic
Analyze interrelationships among distinct functional areas : Analyze interrelationships among distinct functional areas of the organization and how it may affect your SWOT analysis.
How much is McDuck tax liability : During 2020, Scrooge McDuck has the following gains and losses: LTCG (long-term capital gain) $7,425. How much is McDuck's tax liability if he is in the 10% tax
What is the amount that will be included in gross income : Pluto filed his tax return, properly claiming head of household filing status. What is the amount, if any, that will be included in gross income in 2020

Reviews

Write a Review

Accounting Basics Questions & Answers

  How your topic or advertisement reflect the social trends

How does your topic or advertisement reflect the social trends of the 1920s. The role you choose will determine the form of your assignment

  Inventory on credit with payment terms

prepare journal entries to record Johnson Company's purchases if it pays on October 31

  Analysis of the international legal issues

Prepare a research paper in APA format that demonstrates your analysis of the international legal issues that are involved in both examples. Specifically, your paper must include the following elements in addition to answering the questions in eac..

  How are effects of transactions reported on the statement

Cameron Corporation purchased land for $333,000. How are effects of transactions reported on the statement of cash flows assuming the indirect method is used?

  Which investment would yield the greater after-tax return

Which investment would yield the greater after-tax return

  Determine Dove unappropriated retained earnings balance

Use Schedule M-2 of Form 1120 (see Example 34 in the text) to determine Dove's unappropriated retained earnings balance as of December 31, 2019

  Connect specific evidence

If you organize and connect specific evidence, your writing will _____.

  Identify the resources, events, and agents

Identify the resources, events, and agents involved in the revenue process at Ian's Place

  In industries that process joint products the costs of the

in industries that process joint products the costs of the raw materials inputs and the sales values of intermediate

  Compute their standard deduction

Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68. Mrs. Keppner is legally blind

  Ameen company purchased a building for 36 million ameen

ameen company purchased a building for 36 million. ameen uses straight-line depreciation for financial statement

  What does budgeting in not-for-profit organizations meant

How does budgeting in not-for-profit organizations differ from governmental budgets? Provide an example of an actual governmental budget?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd