User Account

All Pages

What is the gross amount of accounts receivables for hp

Assignment Help Financial Management
Reference no: EM132381877

Question

Hewlett-Packard Company reports the following in its 2015 10-K report.

October 31 (in millions)

2015   2014

Accounts receivable $13,363 $13,832

Footnotes to the company's 10-K provide the following additional information relating to its allowance for doubtful accounts.

For the fiscal years ended October 31 (in millions)

2015  2014  2013

Allowance for doubtful accounts-accounts receivable

Balance, beginning of period $232   $332   $464

Provision for doubtful accounts  46   25   23

Deductions, net of recoveries (89)  (125)  (155)

Balance, end of period $189  $232  $332

(a) What is the gross amount of accounts receivables for Hewlett-Packard in fiscal 2015 and 2014?

(b) What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2015 and 2014? (Round your answers to two decimal places.)

(c) What amount of bad debts expense did Hewlett-Packard report each year 2013 through 2015 (ignore increase in allowance from acquisitions)? What amount was actually written off?

(d) Compute Hewlett-Packard's write-offs as a percentage of the allowance account at the beginning of the year.

(Round your answers to two decimal places)

Reference no: EM132381877

Questions Cloud

Distribution of age in the population : Assume that the distribution of age in the population is approximately normal with a mean of 34.7 years and a standard deviation of 3.4 years.
Identify and name the three pillars of an open government : Identify and name the three (3) pillars of an open government. Identify and name up to three reasons for the lack of research on dynamic leadership processes.
What impact does a child culture have on guidance techniques : In a culturally diverse classroom, what impact does a child culture have on the teacher's guidance techniques? In recent years, time out is no longer being.
What is the independent and dependent variable : What is the independent and dependent variable?
What is the gross amount of accounts receivables for hp : What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2015 and 2014? What is the gross amount of accounts receivables ?
Which of the theories do you find the easiest to apply : At least three of the theories we explored in this module. Use the theories to describe what you learned about Jacob. Which of these theories do you find the.
Described as form of variant and social simulation : Microsimulation could be described as a form of variant and social simulation that can be seen to be located between and contrasted with system dynamics
Create challenges with classroom management : Student's use of technology can enhance learning, but it can also create challenges with classroom management. Describe one procedural challenge of implementing
Prepare the journal entry to record the impairment at dec : On December 31, 2017, management projected its future net cash flows from this equipment to be $369,000 and its fair value to be $282,900.

Reviews

Write a Review

Financial Management Questions & Answers

  Actually be affected by financial leverage high debt levels

Discuss the following statement: All else equal, firms with relatively stable sales are able to carry relatively high debt ratios. Is this statement true or false? Why? Why is EBIT generally considered independent of financial leverage? Why might EBI..

  Why the euros value could be expected to change

Explain how and why the euro's value could be expected to change against these currencies according to the PPP theory.

  What is your after tax wacc

You have acquired 30 million dollar by issuing bond. What is your after tax WACC?

  Treasury inflation protected security

Suppose the yield on a 10-year T-bond is currently 5.05% and that on a 10-year Treasury Inflation Protected Security (TIPS) is 1.80%.

  Analyze impact of ethical-regulatory and tax considerations

Analyze the impact of ethical, regulatory, and tax considerations on google financial policy decisions.

  Determine net incremental cash inflow

Determine ABC's net incremental cash inflow that would result 11 years from now as a result of building the factory.

  How much is this bond worth today

Furthermore, assume that you can invest all you want at a rate of 8%. How much is this bond worth today?

  Firm is considering adding to capital structure

Describe the implication of such a calculation when a firm is considering adding to its capital structure

  Salespersn for supplier a quote to cincinati customer

Assume that a product sells for $100 per ton and that Pittsburg is the basing-point city for calculating transporation charges. Shipping from Pittsburg to a potential customer in Cincinati cost $10 per ton. What delivered price would a salespersn for..

  Find the price of the option-risk free interest rate

XYZ Stock is selling for $60. It can either rise by 10% or fall by 10% during the period. Find the hedge ratio if a call option has an exercise price of $60. Find the price of the option if the risk free interest rate is 5%.

  What were the total futa and suta taxes for the payroll

What were the total FUTA and SUTA taxes for the payroll? The company's SUTA rate is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit.

  What is the most you would be willing to pay per share

The? firm's dividend per share next year is expected to be $5.67. what is the most you would be willing to pay per share?

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