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eduard
4 years ago
6

Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its rece

nt financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions).
Current Year Prior Year
Accounts receivable, net of allowances of $405 and $426 $19,792 $18,277
Net sales revenue 89,950 85,320


According to its Form 10-K, Microsoft recorded bad debt expense of $14 and there were no bad debt recoveries during the current year.

Required:
What amount of bad debts was written off during the current year?
Business
1 answer:
Shkiper50 [21]4 years ago
6 0

Answer:

$106 million

Explanation:

                               allowance for doubtful accounts

                               debit             credit

beg. balance                                   426

bad debt                                           85        

ending balance       <u>405                        </u>

                                                        106

Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.

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H&amp;M does not own any of the factories that produce its clothes. Instead, it relies on some 1,900 factories and 900 suppliers
nalin [4]

Answer:

Quality assurance team, authorized factories and suppliers

Explanation:

H&M is a renowned fashion brand and it is expected to provide the best quality of products. As mentioned that H&M does not own the factories or the suppliers, then the firm will have to implement strict policies to ensure the quality of the product is maintained. Below are the measures that H&M can take to ensure only a high quality product comes out of the brand:

1. Quality assurance team: is the most needed and crucial department of H&M. This department needs to ensure the product entering and leaving with the name of H&M are able to maintain the standard of the brand. A hired team of professionals  with strict instructions need to asses all the products and clear them if they pass the required tests of quality.

2. Authorized factories: ensuring that the makers of the product for H&M are reputable and are cleared by their own legal systems. In this manner the certainty of receiving a reliable quality and product.

3. Authorized Suppliers: having a trusted supplier assures the supply of a trusted product. Outsourcing the creation of its product, H&M needs to ensure that its suppliers can be trusted. Thus a thorough research into the suppliers need to be made to ensure the highest quality of products.

8 0
3 years ago
Which choice best describes labor laws passed during the New Deal?
Airida [17]
The answer would be

 A. union-friendly 

because during the new deal labor laws that favored unions were passed 
3 0
3 years ago
Read 2 more answers
Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on
Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

                               Income Statement

Service revenue                               $80,000

operating expenses  

Salary expenses           $28,000

Uncollectible accounts

expense                        $3,273

Total operating expense                   $31,273

Net income                                         $48,727

Working Note :-

Days       Amount     Percentage     Allowance balance

Current   $16,800       0.01                  $168

0-30         $5,100        0.05                 $255

31-60       $4,000        0.10                  $400

61-90       $2,000        0.30                 $600

Over 90

days         $3,700       0.50                  $1,850

Total        $31,600                                $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

4 0
3 years ago
Product bundling refers to:
Igoryamba
Product bundling refers to: a complete package of related products.
Correct answer:C
It is a marketing strategy in which multiple products or components are packaged together into one bundled solution and are sold that way. <span> Product bundling is common in telecommunications services, financial services, health care...</span>
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Other than mr. tambourine man, which is another bob dylan song that appears in coriglianoâs song cycle
natita [175]
There's actually 7 one of which is "Blowin in the wind"
7 0
4 years ago
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