Business, 31.10.2019 04:31, kiaraphilman2956
General mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 balance sheet: accounts receivable, net $ 1,430.1 $ 1,360.8 income statement: sales revenue $ 15,619.8 a note disclosed that the allowance for uncollectible accounts had a balance of $24.3 million and $29.6 million at the end of 2017 and 2016, respectively. bad debt expense for 2017 was $16.6 million. required: determine the amount of cash collected from customers during 2017. (all sales are on credit. enter your answer in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.
Answers: 1
Business, 22.06.2019 07:30, mdndndndj7365
Which of the following best describes why you need to establish goals for your program?
Answers: 3
Business, 22.06.2019 08:40, alvalynnw
Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates
Answers: 2
Business, 22.06.2019 15:20, babyduck0664
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
General mills reported the following information in its 2017 financial statements ($ in millions):...
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