subject
Business, 27.03.2020 05:18 ttglilrob

Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2016 June 30, 2015 Accounts Receivable, Net of Allowance for Doubtful Accounts of $430 and $330 $ 18,300 $ 17,900 Net Revenues 85,320 93,580 According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2016. Required: What amount of accounts receivable was written off during the year ended June 30, 2016? (Enter your answer in millions.) What was Microsoft’s receivables turnover ratio in 2016? (Round your answer to 1 decimal place.)

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, myohmyohmy
Which of the following government agencies is responsible for managing the money supply in the united states? a. the u. s. mint b. the federal reserve bank c. congress d. the department of the treasury 2b2t
Answers: 3
image
Business, 22.06.2019 20:00, javonteoshamccaliste
Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation
Answers: 2
image
Business, 23.06.2019 07:50, catherineguyen3216
Suppose that two countries, britain and the u. s. produce just one good - beef. suppose that the price of beef in the u. s. is $2.80 per pound, and in britain it is £3.70 per pound. according to ppp theory, what should the $/£ spot exchange rate be? suppose the price of beef is expected to rise to $3.10 in the u. s. and to £4.65 in britain. what should be the one year forward $/£ exchange rate?
Answers: 1
image
Business, 23.06.2019 08:00, Daud2020
Which of the following is a benefit of a hat? it has a sports team logo on it. it makes the wearer look cool. it is red. it costs $12.
Answers: 2
You know the right answer?
Microsoft Corporation develops, produces, and markets a wide range of computer software including th...

Questions in other subjects:

Konu
English, 05.05.2020 13:57
Konu
Mathematics, 05.05.2020 13:57