10K Review Project I would like you to go and pull a 10K from a publically...
10K Review Project
I would like you to go and pull a 10K from a publically traded company (please pull a PDF version and attach it If you aren't able to attach it, please include the URL in your response, so I can quickly get to the 10K you are using)
1. What was the revenue in the current year and the previous year? By what percent did it increase/decrease?
2. Please calculate the gross margin percentage.
3. Please find the footnote for cash and cash equivalents. What does the company consider "cash equivalents"
4. Please find the inventory footnote. What method do they use for inventory?
5. Please find the accounts receivable footnote. What details do they provide around "bad debt expense" and "allowance for uncollectible accounts"?
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10K Review Project
I would like you to go and pull a 10K from a publically...
just attach the url please! For this post, I would like you to go and pull a 10K from a publically traded company (please pull a PDF version and attach it to your reply here in Canvas. If you aren...
just attach the url please!
For this post, I would like you to go and pull a 10K from a publically traded company (please pull a PDF version and attach it to your reply here in Canvas. If you aren't able to attach it, please include the URL in your response, so I can quickly get to the 10K you are using). Please answer the following questions. 1. What was the revenue in the current year and the previous year?...
find the best publically traded company that is a competitor in the industry where you would...
find the best publically traded company that is a competitor in the industry where you would like to start a business. a. Do a complete ratio analysis of this corporation. Based on the numbers, explain what the future looks like for this company. b. If you are to compete in this industry and maintain the same profit margin as your competitor, what must you hold your cost of goods sold to as a percentage of sales? c. What must you...
Salaries Payable would be recorded for a. $18,000 b. $12,950 C. $12,650 d. $11,534 A pension...
Salaries Payable would be recorded for a. $18,000 b. $12,950 C. $12,650 d. $11,534 A pension plan which requires the employer to make annual pension contributions, with no promise to employees regarding future pension payments, is termed a. funded b. unfunded c. defined benefit d. defined contribution 26. A pension plan which promises employees a fixed annual pension benefit, based on years of service and compensation, is called a(n) a. defined contribution plan b. defined benefit plan c. unfunded plan...
P5-54. Interpreting Accounts Receivable and Related Footnote Disclosure Following is the current asset section from the...
P5-54. Interpreting Accounts Receivable and Related Footnote Disclosure Following is the current asset section from the W.W. Grainger Inc. balance sheet. 2015 $ 290,136 2014 $ 226,644 2013 $430,644 ..... As of December 31 ($ 000s) Cash and cash equivalents .... Accounts receivable (less allowances for doubtful accounts of $22,288, $22,121 and $20,096, respectively). Inventories-net.... Prepaid expenses and other assets...... Deferred income taxes.................... Prepaid income taxes....................... Total current assets............. 1,209,641 1,414,177 85,670 0 49,018 $3,048,642 1,172,924 1,356,396 102,669 61,387 47,529...
2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from...
2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) Cash and cash equivalents Marketable securities at cost, which approximate market value Accounts receivable (less allowances fordoubtful accounts of $25,830, $18,801 and $18,401, respectively Inventories, net Prepaid expenses and other assets Deferred income taxes Prepaid income taxes Total current assets 2007 $113,437 20,074 602,650 946,327 61,666 56,663 2006 $348,471 12,827 566,607 827,254...
Can you clarify what data do you need? View 1 Design Transitions Animations Slide Show Review...
Can
you clarify what data do you need?
View 1 Design Transitions Animations Slide Show Review 12 A A A E BIU SAV. A 2-A EEEE Paragraph Help Tell me what you want to do \0000 AL1-06 Arrange Oud Shar Find Replace Select Drawing Editing Accounting Analysis Assess the degree to which Marriot International accounts for A/R & Bad Debt, as well as Inventory method chosen reflects the underlying business reality. Specifically, show how the company recognizes bad debt (find...
Hi I would like some help with answering the problems and a brief explanation on how...
Hi I would like some help with answering the problems and a brief explanation on how its done so I'm able to study, thank you Question 9 If the cost of an item of inventory is $80 and the current replacement cost is $70, the amount included in inventory according to the lower of cost or market is $10 $70 $150 $80 Question 11 On the basis of the following data, what is the estimated cost of the merchandise inventory...
Could you please help me to figure out the answer for required 3? I don't know...
Could you please help me to figure out the answer for required
3? I don't know why it showed wrong. Thank you so much!
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the year-end adjusting entry for bad debts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction General Journal Debit Credit 53,700 Bad debt expense Allowance for uncollectible...
please help with these accounting problems! all questions please and thank you! 11. Nichols Company uses...
please help with these accounting problems! all questions please
and thank you!
11. Nichols Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $250,000 and credit sales are $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Nichols Company make if the Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment? A) Bad Debts Expense 10,000 Allowance for Doubtful Accounts 10,000 B) Bad...
If you could answer all 3 that would be greatly appreciated, thanks 1. In the process...
If you could answer all 3 that would be greatly appreciated, thanks 1. In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30 $ 6,210 Deposits in transit at month-end $ 1,430 Outstanding checks at month-end $ 750 Bank charge for printing new checks $ 110 Note receivable and interest collected by bank on Donahue’s behalf $ 640 A check paid to Donahue during the...
just attach the url please!
For this post, I would like you to go and pull a 10K from a publically traded company (please pull a PDF version and attach it to your reply here in Canvas. If you aren't able to attach it, please include the URL in your response, so I can quickly get to the 10K you are using). Please answer the following questions. 1. What was the revenue in the current year and the previous year?...
Salaries Payable would be recorded for a. $18,000 b. $12,950 C. $12,650 d. $11,534 A pension plan which requires the employer to make annual pension contributions, with no promise to employees regarding future pension payments, is termed a. funded b. unfunded c. defined benefit d. defined contribution 26. A pension plan which promises employees a fixed annual pension benefit, based on years of service and compensation, is called a(n) a. defined contribution plan b. defined benefit plan c. unfunded plan...
P5-54. Interpreting Accounts Receivable and Related Footnote Disclosure Following is the current asset section from the W.W. Grainger Inc. balance sheet. 2015 $ 290,136 2014 $ 226,644 2013 $430,644 ..... As of December 31 ($ 000s) Cash and cash equivalents .... Accounts receivable (less allowances for doubtful accounts of $22,288, $22,121 and $20,096, respectively). Inventories-net.... Prepaid expenses and other assets...... Deferred income taxes.................... Prepaid income taxes....................... Total current assets............. 1,209,641 1,414,177 85,670 0 49,018 $3,048,642 1,172,924 1,356,396 102,669 61,387 47,529...
2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) Cash and cash equivalents Marketable securities at cost, which approximate market value Accounts receivable (less allowances fordoubtful accounts of $25,830, $18,801 and $18,401, respectively Inventories, net Prepaid expenses and other assets Deferred income taxes Prepaid income taxes Total current assets 2007 $113,437 20,074 602,650 946,327 61,666 56,663 2006 $348,471 12,827 566,607 827,254...
Can
you clarify what data do you need?
View 1 Design Transitions Animations Slide Show Review 12 A A A E BIU SAV. A 2-A EEEE Paragraph Help Tell me what you want to do \0000 AL1-06 Arrange Oud Shar Find Replace Select Drawing Editing Accounting Analysis Assess the degree to which Marriot International accounts for A/R & Bad Debt, as well as Inventory method chosen reflects the underlying business reality. Specifically, show how the company recognizes bad debt (find...
Could you please help me to figure out the answer for required
3? I don't know why it showed wrong. Thank you so much!
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the year-end adjusting entry for bad debts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction General Journal Debit Credit 53,700 Bad debt expense Allowance for uncollectible...
please help with these accounting problems! all questions please
and thank you!
11. Nichols Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $250,000 and credit sales are $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Nichols Company make if the Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment? A) Bad Debts Expense 10,000 Allowance for Doubtful Accounts 10,000 B) Bad...
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