Homework Answers
| Jan-14 | Jan-16 | |
| Account receivable net of allowance | 71,056 | 104,679 |
| Allowance for bad debts | 67 | 33 |
| Account receivable gross | 71,123 | 104,712 |
| Calculation of cash collected | ||
| Closing account receivable | 104,712 | |
| Revenue for the year | 616,778 | |
| Total | 721,490 | |
| Less opening AR | (71,123) | |
| Cash collected in 2015 | 650,367 | |
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LO 3-4 3.11 Computing Cash Collections from Customers. iRobot designs and manufactures robots for consumer, commercial,...
I am looking to find gross sales and cash collections numbers 3 and 4 of my...
I am looking to find gross sales and cash collections
numbers 3 and 4 of my problem. That is all the information I
have.
T ulis, Inc. (LUX-4, 7-51 McConnell Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following is in thousands 2015 2014 Current assets: Receivables, less allowances of $23,471 in 2015 and $25,794...
Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers...
Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The company’s stock is traded on the NASDAQ and has provided investors with significant ROEs over the past few years. Selected information from the company’s statement of financial position follows. The company reported revenue of $2,175,000 and cost of sales of $2,682,995 for fiscal year 2015: CINTAS Statement of Financial Position As of May 31, (amounts in thousands)...
Question #3 w During 2015, credit sales were $1,750,000. cash collections from customers $1830.000 and $35.000 in ac...
Question #3
w During 2015, credit sales were $1,750,000. cash collections from customers $1830.000 and $35.000 in accounts receivable were en of in edition, $3,000 was collected from a customer whose account was written off in 2017 An aging of accounts receivable at December 31, 2018 reveals the following Dercentage of Year End Receivables In Group Percent Uncollectible Age Group Duer 120 days Required: 1. Prepare Summary journal entines to account for the 2018 write-offs and the collection of the...
Gemstone Products located in New York City, is one of the world's largest producers of beauty...
Gemstone Products located in New York City, is one of the
world's largest producers of beauty and related products. The
company's consolidated balance sheets for the 2016 and 2015 fiscal
years included the following ($ in thousands):
2016
2015
Current assets:
Receivables, less allowances of $133,115 in
2016 and $88,715 in 2015
$
461,500
$
441,300
A disclosure note accompanying the financial statements reported
the following ($ in thousands)
Year Ended
2016
2015
(In thousands)
Calculation of account receivables, net:...
Gemstone Products located in New York City, is one of the world's largest producers of beauty...
Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ in thousands): 2016 2015 Current assets: Receivables, less allowances of $133, 115 in 2016 and $88,715 in 2015 $461,500 $441,300 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2016 2015 (In thousands) Calculation of account receivables, net: Receivables...
McConnell Products, Inc., located in New York City, is one of the world's largest producers of...
McConnell Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following ($ in thousands): 2015 2014 Current assets: Receivables, less allowances of $23,316 in 2015 and $25,639 in 2014 $ 840,010 $ 759,700 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2015 2014 (In thousands) Calculation of account receivables,...
Gemstone Products located in New York City, is one of the world's largest producers of beauty...
Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ in thousands) 2016 2015 Current assets: Receivables, less allowances of $133,270 in 2016 and $88,870 in 2015 $461,700 $441,400 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2016 2015 (In thousands) Calculation of account receivables, net: Receivables Less:...
It’s all problem 12 12. 1000 poants Raintree Cosmetic Company sells its products to customers on...
It’s all problem 12
12. 1000 poants Raintree Cosmetic Company sells its products to customers on a credit bass. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year end The 2015 balance sheet disclosed the following Current assets Receivables, net of allowance for uncollectible accounts of $44,000 $502.000 During 2016, credit sales were $1,820,000, cash collections from customers $1,900,000, and $53,000 in wrilthen off in 2015 An aging of accounts receivable at...
Avon Products, Inc., located in New York City is one of the world's largest producers of...
Avon Products, Inc., located in New York City is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following is in thousands) 2015 2014 Current assetsi Receivables, less allowances of $86,700 in 2015 and $106,9ee in 2014 5443,000 $515, cee A disclosure note accompanying the financial statements reported the following is in thousands Calculation of account recewables, net Receivables Less: allowance for doubtful accounts...
this is updated picture plz I need the answer asap P 7-5 Receivables; bad debts and...
this is updated picture plz I need the answer asap
P 7-5 Receivables; bad debts and returns; Avon Products, Inc Page 404 LO7-4 , LO7-5 Real World Financials Avon Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following ($ in thousands): 2015 2014 Current assets: Receivables, less allowances of $86,700 in 2015 and $106,900 in...
I am looking to find gross sales and cash collections
numbers 3 and 4 of my problem. That is all the information I
have.
T ulis, Inc. (LUX-4, 7-51 McConnell Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following is in thousands 2015 2014 Current assets: Receivables, less allowances of $23,471 in 2015 and $25,794...
Question #3
w During 2015, credit sales were $1,750,000. cash collections from customers $1830.000 and $35.000 in accounts receivable were en of in edition, $3,000 was collected from a customer whose account was written off in 2017 An aging of accounts receivable at December 31, 2018 reveals the following Dercentage of Year End Receivables In Group Percent Uncollectible Age Group Duer 120 days Required: 1. Prepare Summary journal entines to account for the 2018 write-offs and the collection of the...
Gemstone Products located in New York City, is one of the
world's largest producers of beauty and related products. The
company's consolidated balance sheets for the 2016 and 2015 fiscal
years included the following ($ in thousands):
2016
2015
Current assets:
Receivables, less allowances of $133,115 in
2016 and $88,715 in 2015
$
461,500
$
441,300
A disclosure note accompanying the financial statements reported
the following ($ in thousands)
Year Ended
2016
2015
(In thousands)
Calculation of account receivables, net:...
Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ in thousands): 2016 2015 Current assets: Receivables, less allowances of $133, 115 in 2016 and $88,715 in 2015 $461,500 $441,300 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2016 2015 (In thousands) Calculation of account receivables, net: Receivables...
Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ in thousands) 2016 2015 Current assets: Receivables, less allowances of $133,270 in 2016 and $88,870 in 2015 $461,700 $441,400 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2016 2015 (In thousands) Calculation of account receivables, net: Receivables Less:...
It’s all problem 12
12. 1000 poants Raintree Cosmetic Company sells its products to customers on a credit bass. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year end The 2015 balance sheet disclosed the following Current assets Receivables, net of allowance for uncollectible accounts of $44,000 $502.000 During 2016, credit sales were $1,820,000, cash collections from customers $1,900,000, and $53,000 in wrilthen off in 2015 An aging of accounts receivable at...
Avon Products, Inc., located in New York City is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following is in thousands) 2015 2014 Current assetsi Receivables, less allowances of $86,700 in 2015 and $106,9ee in 2014 5443,000 $515, cee A disclosure note accompanying the financial statements reported the following is in thousands Calculation of account recewables, net Receivables Less: allowance for doubtful accounts...
this is updated picture plz I need the answer asap
P 7-5 Receivables; bad debts and returns; Avon Products, Inc Page 404 LO7-4 , LO7-5 Real World Financials Avon Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following ($ in thousands): 2015 2014 Current assets: Receivables, less allowances of $86,700 in 2015 and $106,900 in...
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