subject
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.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 01:10, ltawiah8393
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
Answers: 3
image
Business, 22.06.2019 02:30, milkshakegrande101
The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.
Answers: 2
image
Business, 22.06.2019 08:30, Maelynne8515
In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (
Answers: 3
image
Business, 22.06.2019 13:40, ilovecatsomuchlolol
A. j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a. j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a. j. could have probably handled. a. j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a. j. was recognizing the culture at idle time gaming.
Answers: 3
You know the right answer?
General mills reported the following information in its 2017 financial statements ($ in millions):...

Questions in other subjects:

Konu
Physics, 13.12.2020 21:50
Konu
English, 13.12.2020 21:50
Konu
Business, 13.12.2020 21:50
Konu
Mathematics, 13.12.2020 21:50
Konu
Mathematics, 13.12.2020 21:50
Konu
Biology, 13.12.2020 21:50