Question

At September ​24, 2016​, how much in total did customers owe Bullock​? How much did Bullock expect to collect and not to collect on September ​24, 2016​? What was the net realizable value of Bullock​, ​Inc.'s receivables on September ​24, 2016​?

Answer 1

Answer:

The question is incomplete as there were figures on which the net receivables could be computed,as a result find below complete questions and answers:

At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect on September 24, 2016? What was the net realizable value of Bullock's receivables on September 24, 2016?

Bullock  

Balance Sheet (Excerpt, Adapted)

(In Millions of $)

                                                                                                       Sep. 24, 2016           Sep. 26, 2015

Current assets:

Cash and cash equivalents                                                                        $14,801             $19,148

Short-term marketable securities                                                               $41,936                $25,598

Accounts receivable, less allowance of $69 and $97, respectively         $15,941                 $17,758

Inventories $2,129 $2,235

Vendor non-trade receivables                                                                    $13,132               $13,906

Other current assets                                                                                   $8,243                 $15,166

Total current assets                                                                                    $102,287             $107,427

Customers owed Bullock       $$15941+$69=$1610

Bullock expected not to collect  $69

Bullock expected to collect—net realizable value  $15941

Explanation:

Bullock has already made bad debt provisions for both years as $69 and $97  respectively.In other words, these figures are the best estimates for irrecoverable debts.