1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melisa1 [442]
3 years ago
8

The 2016 financial statements of Leggett & Platt, Inc. include the following information in a footnote. What are the company

’s current gross accounts and other receivables at the end of 2016? (in millions) 2016 2015 Allowance for doubtful accounts $ 7.2 $ 9.3 Total accounts and other receivables, net $486.6 $520.2
Business
1 answer:
nalin [4]3 years ago
3 0

Answer:

$493.8

Explanation:

Since the 2016 financial statements of Leggett & Platt, Inc. includes the following information in a footnote.  (in millions) 2016 2015 Allowance for doubtful accounts $ 7.2 $ 9.3 Total accounts and other receivables, net $486.6 $520.2

Therefore the company’s current gross accounts and other receivables at the end of 2016 is

Net Total accounts and other receivables, net $486.6

Allowance for doubtful accounts ..........................<u>...$ 7.2</u>

Gross accounts and other receivables................<u>$493.8</u>

<u>The gross accounts and other receivables will be the amounts before making any allowances for doubtful accounts</u>

You might be interested in
Some companies have been accused of taking advantage of the current social trend of green marketing, positioning their products
jek_recluse [69]

Answer:

greenwashing

Explanation:

Greenwashing -  

It is the process , where the company spends more amount of time and monetary value on marketing the company as environmentally friendly , rather than decreasing the impact on environment , is referred to as greenwashing.  

It is basically a advertising stunt , in order to mislead the consumers , who buys the products just because the product is environmentally friendly.

Hence, from the question ,  

the practice performed by the company is greenwashing.  

4 0
3 years ago
When required reserves exceed actual reserves, commercial banks will be forced to have borrowers:?
torisob [31]

Repay loans so that the bank can get it reserves back up to the required level

6 0
3 years ago
A laser surgical tool has a cost basis of $100,000 and a five-year depreciable life. The estimated SV of the laser is $20,000 at
VARVARA [1.3K]

Answer:

The annual depreciation under SL is $16000 per year.

Explanation:

The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.

The straight line depreciation per year = (Cost - SV) / estimated useful life

Annual depreciation under SL = (100000 - 20000) / 5   = $16000 per year

4 0
3 years ago
You're on a social media team for a outdoors brand called Appalachia. They've decided to revitalize their Pinterest account and
Lapatulllka [165]

Inbound marketing is the process of coordinating and facilitating potential customers to find a particular company.

An outdoor brand called Appalachia can revitalize its Pinterest account and engage its customers on the platform by streamlining content creation:

  • Inbound marketing emphasizes building enduring and dependable relationships with your customers and attracting newer customers in an organic way.
  • Inbound marketing works according to three principles: attract, engage, and delight.
  • The company and its social media team would not only involve themselves in revitalizing their Pinterest account by making it more appealing and attractive to potential customers.
  • It should be equally invested in engaging with the customers through the process of content creation.
  • This could mean presenting insights into ways in which the customer chooses to buy from the company and prioritizes the particular company over other options.
  • Product promotions are one way in which, using multimedia channels coupled with regular posting on the platform, customers can be attracted and engaged with.
  • Content creation tools like trends, hashtags, social media marketing, and streamlined posts can be utilized for this objective.

Therefore, inbound marketing can greatly benefit from a streamlined content creation process that attracts and engages a sustained customer base of a company.

Learn more about content creation here: brainly.com/question/26476622

#SPJ4

3 0
1 year ago
How do you create a business
anyanavicka [17]

Answer:

with the state

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Since Anytime Pizza is open 24 hours a day, its pizza oven is constantly on and is, therefore, always using natural gas. However
    13·2 answers
  • Recent financial statements of General Mills, Inc. report net sales of $12,442,000,000. Accounts receivable are $912,000,000 at
    8·1 answer
  • If you detect a free rider on your team, the best way to remedy the situation is to: question 2 options: stop carpooling with me
    10·1 answer
  • Giving up one alternative for another is called
    10·1 answer
  • quisletYour 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to g
    10·1 answer
  • A company purchases 12,000 pounds of materials. The materials price variance is $6,000 favorable. What is the difference between
    9·1 answer
  • Example of direct cost
    6·1 answer
  • Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?
    13·1 answer
  • Which account would normally not require an adjusting entry?
    9·1 answer
  • darcy spends 5000 in bank account that does not earn any interest every week sha withdraws 10 percent of the money in the accoun
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!