User Account

All Pages

What percentage of trade receivables does the company deem

Assignment Help Financial Accounting
Reference no: EM132930067

$ millions                                                                                                                     December 31, 2017  December 31, 2018

Cash and cash equivalents                                                                                                          $1,100                  $761

Trade receivables (net of allowances of $40 in 2018 and $50 in 2017)                                                     $2,262           $2,691

Other receivables (net of allowances of $47 in 2018 and $98 in 2017)                                                     $744                 $835

Inventories, net                                                                                                                           $2,592               $2,557

Other current assets                                                                                                                         $906              $676

Total current assets                                                                                                                         $7,604            $7,520

Total assets                                                                                                                                 $62,729               $62,957

Problem 1: What percentage of trade receivables does the company deem uncollectible as of year-end 2018?

Group of answer choices

Option 1: 1.77%

Option 2: 3.85%

Option 3: 1.80%

Option 4: 1.74%

Reference no: EM132930067

Questions Cloud

Would you compromise your morals to live in paradise : Would you compromise your morals to live in paradise? Are our ethical paradigms superior to those of other cultures?
Which of the increases the benefits of income deferral : Which of the increases the benefits of income deferral? Smaller magnitude of transactions./ Smaller after-tax rate of return./ Increasing tax rates.
Detail the role of financial manager : Describe in detail the role of the financial manager. Describe in detail the goal of the financial manager.
Explain common programs that ensure a workplace : Explain common programs that ensure a workplace is an Employer Of Choice, applying them to your chosen organisation
What percentage of trade receivables does the company deem : Trade receivables (net of allowances of $40 in 2018 and $50 in 2017), What percentage of trade receivables does company deem uncollectible as of year-end 2018?
Modify organizational work processes and designs : Technology enables collocated and virtual ongoing and ad hoc project teams that modify organizational work processes and designs.
Draft an email to a senior manager : Draft an email to a senior manager to arrange a time and place for a meeting. In the meeting, you will:
How can business leader influence behavior of employees : 1. How the various types of leadership affect the behavior of individuals in the company.
What will be the impact on a company profit : What will be the impact on a company's profit if sales mix shifts between low margin and high margin products? Explain different possible scenarios

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the product of a community college

What is the product of a community college? The product is not what the school offers, but what the school offers as seen through the eyes of students?

  What is day and nights wacc

What is Day and Nights' WACC? Day and Night Hotels Corporation has a target capital structure of 70 percent common stock, 10 percent preferred stock

  Question a create a table of entities and activitiesb

question a. create a table of entities and activities.b. illustrate a context diagram.c. illustrate a physical data

  Which code of conduct and ethics policy will violate

Which code of conduct and ethics policy will you violate if you influence the hiring manager to recruit your cousin in a position that he's not qualified for?

  Explain the concept of cost of capital

How can you explain the concept of cost of capital? Do you believe that a firm should use the same cost of capital for all of its projects? Why or why not?

  Explain whether anushka work hard or under circumstances

Explain whether Anushka will work hard or under these circumstances. Having accepted the position, Anushka realizes that she can opportunist

  What was the materials quantity variance for the month

The following data pertain to operations concerning the product for the last month: What was the materials quantity variance for the month

  Evaluate which not true about doctrine of marshaling assets

Evaluate Which is not true about Doctrine of Marshaling Assets? Partnership creditors, other than partners, have priority claims over partnership assets

  Prepare a post-closing trial balance sheet

Debit entry for each of them separately and then make one credit entry in the total amount to the Income Summary account.

  Calculate the total amount of interest expense

On August 1, 2020 company A borrowed $10,150 from bank, Calculate the total amount of interest expense that company A would report in its 2021 income statement.

  Find what is the segment margin for the motor division

Find What is the segment margin for the Motor Division? Contribution margin = $2,300,000. Common fixed costs = 500,000. Committed fixed costs = 400,000

  Calculate a corrected amount for the ending inventory

Calculate a corrected amount for the ending inventory. The Ayayai Company has just completed a physical inventory count at year end, December 31, 2022.

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