What is the balance for Receivables, net on the Consolidated Balance Sheets for Home Depot, Inc.? CONVERT the number presented in the balance sheet to actual dollars. Home Depot, Inc. presents its financial statements in millions of dollars. For example, if the Accounts receivable, net balance. shown is 5,324, then multiply 5,324 by $1,000,000 and enter 5324000000. Enter numbers only: DO NOT enter a dollar sign ($) or commas (.).

What is the balance for Receivables, net on the Consolidated Balance Sheets for Home Depot, Inc.? CONVERT the number presented in the balance sheet to actual dollars. Home Depot, Inc. presents its financial statements in millions of dollars. For example, if the Accounts receivable, net balance. shown is 5,324, then multiply 5,324 by $1,000,000 and enter 5324000000. Enter numbers only: DO NOT enter a dollar sign ($) or commas (.).

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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Hello In calculating average accounts receivable net from financials, would I include: (current year and previous year) trade receivables, royalty advances, prepayments & accrued income, receivables from other parties, then divide by 2? Or would I go the other route to calculate average accounts receivable net and include: those receivables(current yr & prior yr) in the ageing of receivables group, add together and divide by 2? Thanks
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Presented below are several receivables transactions. For each transaction, indicate whether the receivables should be reported as accounts receivable, notes receivable, or other receivables on a statement of financial position. (a) Received a promissory note of $12,200 for services performed. Notes Receivable (b) Sold merchandise on account to a customer for $9,30. Other Receivables Accounts Receivable (c) Advanced $5,000 to an employee. (d) Estimated $5,000 of income tax to be refunded. (e) Extended a customer's account for six months by accepting a note in exchange for the amount owed on the account. (f) Sales tax (HST) of $2,500 is recoverable at the end of the quarter.
use the following ratio to complete the statement of financial position. other details are seen in the attached photo.
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Sweet Company has the following account balances: \table [[Inventory, 556,000], [Prepaid Insurance, 12,000], [Cash, 360,000], [Accounts Receivable,260,000], [Supplies, 26, 000], [Allowance for Doubtful Accounts, 36,000]] When listing Accounts Receivable, what is the cash (net) realizable value to be presented on the statement of financial position? 620,000 260,000 296,000 224,000
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A company reports the following: Sales Average accounts receivable (net) Determine (a) the accounts receivable turnover and (b) the days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day a. Accounts receivable turnover b. Days' Sales in Receivables Time Remaining: 1:48:20 $284,700 54,750 days Il Proctorio is sharing your screen. Stop sharing Hide