Problem 7-5 (Static) Receivables; bad debts and returns; Avon Products, Incorporated
Avon Products, Incorporated, 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 $131,100 in 2016 and $86,700 in 2015 | $ 458,900 | $ 440,000 |
A disclosure note accompanying the financial statements reported the following ($ in thousands):
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Problem 7-5 (Static) Receivables; bad debts and returns; Avon Products, Incorporated
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...
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 $515, cee A disclosure note accompanying the financial statements reported the following is in thousands Calculation of account recewables, net Receivables Less: allowance for doubtful accounts...
Gemstone Products located in New York City, is one of the world's largest producers of beauty...
Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ 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:...
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 $133,115 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...
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...
Questions: For Kroger deposits in transit: What is the account titled Store deposits in-transit (refer to footnote...
Questions: For Kroger deposits in transit: What is
the account titled Store deposits in-transit (refer to footnote 1)?
This is not an account you will find on the majority of company
financial statements. Why does Kroger include this account? Is it
odd that this account is larger than the cash balance? How do you
explain this?
Information Needed to Answer Questions:
Jan. 28, 2017 Jan. 30, 2016 $322 910 1,649 7,852 (1,291) 898 $ 277 923 1,734 7,440 (1,272) 790 9,892...
Question : For Kroger footnote 1: What cost flow assumption method does Kroger use for food?...
Question : For Kroger footnote 1: What cost flow assumption
method does Kroger use for food? Does this match the actual flow of
goods through the stores? What is the explanation for this?
Description of Business, Basis of Presentation and
Principles of Consolidation
The Kroger Co. (the “Company”) was founded in 1883 and
incorporated in 1902. As of January 28, 2017, the Company was one
of the largest retailers in the world based on annual sales. The
Company also manufactures...
September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which...
September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents 20,289 Short-term marketable securities 53.892 Accounts receivable, less allowances of $58 and $53, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17.799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets, net 2,298 Other...
this is updated picture plz I need the answer asap
P 7-5 Receivables; bad debts and returns; Avon Products, Inc Page 404 LO7-4 , LO7-5 Real World Financials Avon Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following ($ in thousands): 2015 2014 Current assets: Receivables, less allowances of $86,700 in 2015 and $106,900 in...
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 $515, cee A disclosure note accompanying the financial statements reported the following is in thousands Calculation of account recewables, net Receivables Less: allowance for doubtful accounts...
Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ 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:...
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...
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...
Questions: For Kroger deposits in transit: What is
the account titled Store deposits in-transit (refer to footnote 1)?
This is not an account you will find on the majority of company
financial statements. Why does Kroger include this account? Is it
odd that this account is larger than the cash balance? How do you
explain this?
Information Needed to Answer Questions:
Jan. 28, 2017 Jan. 30, 2016 $322 910 1,649 7,852 (1,291) 898 $ 277 923 1,734 7,440 (1,272) 790 9,892...
Question : For Kroger footnote 1: What cost flow assumption
method does Kroger use for food? Does this match the actual flow of
goods through the stores? What is the explanation for this?
Description of Business, Basis of Presentation and
Principles of Consolidation
The Kroger Co. (the “Company”) was founded in 1883 and
incorporated in 1902. As of January 28, 2017, the Company was one
of the largest retailers in the world based on annual sales. The
Company also manufactures...
September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents 20,289 Short-term marketable securities 53.892 Accounts receivable, less allowances of $58 and $53, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17.799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets, net 2,298 Other...
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