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4 years ago

Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2007 10-K report.

Business

1 answer:

skelet666 [1.2K]4 years ago

6 0

Answer:

The answer is below

Explanation:

Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2007 10-K report. We have the following:

(a) What is the gross amount of accounts receivables for HPQ in fiscal 2007 and 2006?($ millions)2007, 2006

Gross accounts receivable for year 2007 = $13,646 for year 2006 = 11,093

(b)What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2007 and 2006?(Round your answers to two decimal places.)($ millions) 2007 2006 Percentage of uncollectible accounts to gross accounts receivable for year 2007 = 1.66% for year 2006 =1.98 %

(c)What amount of bad debts expense did HPQ report each year 2005 through 2007? What amount was actually written off? ($ millions)2007, 2006, 2005,

Bad debt expense for year 2007 = $32. Year 2006 = $37. Year 2005 = $17

Amount actually written off for year 2007 = $29. Year 2006 = $48 Year 2005 = $76

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During the month of March, Harley's Computer Services made purchases on account totaling $44,900. Also during the month of March

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Answer:

$85,300

Explanation:

The computation of the ending account payable balance is shown below:

Ending balance of account payable = Beginning balance of account payable + purchase made - paid amount of its account payable balance

= $78,000 + $44,900 - $37,600

= $85,300

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In addition to an annual base salary of $1.3 million, Heather Bresch, CEO of Mylan Pharmaceuticals, also received 6.4 million US

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Explanation:

The scenario given in the question explains that top level managers may pursue their own interests over that of the company.

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Hence, the correct option is C.

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3 years ago

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A plan to exploit experience-based cost and location economies, transfer core competencies with the firm, and pay attention to l

ikadub [295]

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D) transnational strategy.

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4 years ago

Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these

Vladimir79 [104]

Answer:

option (b) $4,200 gain

Explanation:

Data provided in the question:

Par value of outstanding bonds = $119,000

Carrying value of the bonds = $108,700

Price at which bond is called = $104,500

Now,

Gain on the retirement is calculated using the relation as;

Gain on retirement

= Carrying value of Bonds - Price at which bond is called

= $108,700 - $104,500

= $4,200

Since, the result is positive, therefore a gain will be recognized

Hence, correct answer is option (b) $4,200 gain

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3 years ago