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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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Answer:

The correct answer is letter "E": How much cash should the firm keep in reserve?

Explanation:

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3 years ago

When considering the gothic tradition in literary production alone, when does it emerge most predominantly?

stira [4]

Answer:

During the 18th century or during the Romantic period.

Explanation:

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The Romantics was a period of imaginative and emotional influences into literary works. Writers of this period focus on the individual's emotions and feelings, And in this period of influence, the themes of Romanticism but in a darker way began to be explored, leading to the Gothic literary genre.

Thus, the gothic tradition in literary production alone emerges most predominantly during the 18th century or the Romantic period.

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3 years ago

Information on Kimble Company's direct labor costs for the month of January is as follows:________. Actual direct labor hours 34

Ierofanga [76]

Answer:

Direct labor rate variance= $26,100 unfavorable

Explanation:

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

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First, we need to calculate the standard rate:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

5,600 = (35,600 - 34,800)*standard rate

5,600/800= standard rate

$7= standard rate

Now, the direct labor rate variance:

Direct labor rate variance= (7 - 7.75)*34,800

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3 years ago

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TiliK225 [7]

Using compound interest
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3 years ago

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Molodets [167]

Answer:

Leading economic indicator.

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3 years ago