User Account

All Pages

What is the amount of symantecs gross sales

Assignment Help Accounting Basics
Reference no: EM131001372

Symantec Corp., located in Cupertino, California, is one of the world's largest producers of security and systems management software. The company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands):
A disclosure note accompanying the financial statements reported the following ($ in thousands)
Assume that the company reported bad debt expense in 2009 of $1,500 and had products returned for credit totaling $3,155 (sales price). Net sales for 2009 were $6,149,800 (all numbers in thousands).

Required:

1. What is the amount of accounts receivable due from customers at the end of 2009 and 2008?

2. What amount of accounts receivable did Symantec write off during 2009?

3. What is the amount of Symantec's gross sales for the 2009 fiscal year?

4. Assuming that all sales are made on a credit basis, what is the amount of cash Symantec collected from customers during the 2009 fiscal year?

Reference no: EM131001372

Questions Cloud

Unique index integer fields : Unique index integer fields Use at least 5 other fields of various, including at least one of each of String, int and double types. assume that the String's have no spaces within them
Write a program to play the rock-paper-scissors game : Game Program Write a program to play the rock-paper-scissors game. Two users take turns entering R, P, or S. The program then announces the winner, based on the rule that paper covers rock, rock breaks scissors, scissors cut paper.
What is the amount of accounts receivable due from customers : What is the amount of accounts receivable due from customers at the end of 2009 and 2008?
What would be the net amount of accounts receivable : For situations (a)-(c) in requirement 2 above, what would be the net amount of accounts receivable reported in the 2011 balance sheet?
What is the amount of symantecs gross sales : Assuming that all sales are made on a credit basis, what is the amount of cash Symantec collected from customers during the 2009 fiscal year?
Reduce the remaining four interest payments : First Lincoln Bank agreed to defer all payments (including accrued interest) until the maturity date and accept $27,775,000 at that time in settlement of the debt.
Prepare the journal entries that would be recorded on july : Assuming that 80% of all June 30 receivables are collected during July, prepare the necessary journal entries to record the collection and the remittance to the bank.
Define the random variables : Take N = 3. As remarked above, we need only consider a two-period model. Define the random variables. Show that it is not necessarily true that v(k, n) = v(k, m)Ekv(m, n) if m ≠ k + 1.
Determine the probability of running : (i) Determine the number of days each probe is expected to last. (ii) If the reactor operator wishes to run a product campaign that lasts continuously for 20 days, determine the probability of running this campaign without having to replace the..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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