Please refer to the sample and paraphrase the Arrests current, cash, and short-term investments and total receivable, net. Changing the company name to Newmont Corporation and the year 2018-2020.
Please refer to the sample and paraphrase the Arrests current, cash, and short-term investments and total receivable, net. Changing the company name to Newmont Corporation and the year 2018-2020.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please refer to the sample and paraphrase the Arrests current, cash, and short-term investments and total receivable, net. Changing the company name to Newmont Corporation and the year 2018-2020. Thanks!
Transcribed Image Text:Assets Current- value of cash, accounts receivable, inventories, marketable securities and other
assets that could be converted to cash in less than a year.
Cash and Short Term Investments- Patagonia Gold considers all cash and equivalents to include
cash on hand, deposits held with banks and other liquid short-term investments with original
maturities of three months or less. Throughout the three year period from 2017 through 2019,
Patagonia Gold has had over 50% more cash and cash equivalents within the three year span.
Other short term investments also increased to be five times more than the original investment in
2017. Purchases of these inventories, increases in accounts receivable and other assets,
acquisition of property and equipment, acquisition of trademarks, payments of accounts payable,
income taxes payable and purchases of common stock are expected to be the recurring uses of
cash within Patagonia Gold.
Transcribed Image Text:Total Receivables, net- Patagonia Gold evaluates the collectibility of its trade accounts
receivable based on a number of factors. When a customer's inability to meet its financial
obligations to the company happens, a specific reserve for bad debts is estimated and recorded,
which reduces the recognized receivable to the estimated amount Patagonia Gold believes will
ultimately be collected. In addition to potential bad debts, bad debt charges are recorded based
on the company's recent loss history, and overall assessment of past due accounts receivable
outstanding.
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