Apple states in Note 3 that there were no customers that individually represented 10% or more of the total trade receivables as of both September 25, 2021, and September 26, 2020. Why might information about credit concentration be of interest to investors? Also in Note 3, Apple identifies a certain category of customers that accounted for 42% of its trade receivables as of September 25, 2021. What is that category of customers, and why might this information be of interest to investors?

Apple states in Note 3 that there were no customers that individually represented 10% or more of the total trade receivables as of both September 25, 2021, and September 26, 2020. Why might information about credit concentration be of interest to investors? Also in Note 3, Apple identifies a certain category of customers that accounted for 42% of its trade receivables as of September 25, 2021. What is that category of customers, and why might this information be of interest to investors?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Apple Company determined that the net realizable value of its accounts receivable at December 31, 2020 based on aging of accounts receivable was P3,160,000. Additional information for 2020 is as follows: Allowance for doubtful accounts - Jan. 1 500,000 Accounts receivable - December 31 4,800,000 Doubtful accounts written off during the year 320,000 Doubtful accounts recovered during the year 70,000 What should be the doubtful accounts expense for 2020? 390,000 520,000 480,000 460,000
Zebra Company reported the following for 2022: Credit sales = $419884 Accounts Receivable = $16376 Allowance for Doubtful Accounts = $291 (credit balance) Bad Debt is estimated at 0.31 of 1% of sales After the adjusting entry is recorded, what is the value of Allowance for Doubtful Accounts? ROUND TO THE NEAREST DOLLAR
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