Using Kellogg Company 's accounts receivable disclosures from Exhibit 9 8 in the text and the following information, answer the questions Required a How is the carrying value of accounts receivable determined b What factors influence management 's judgment in its estimate of the amount of collectib...

a The carrying value of the accounts receivable is accounts receivable amount invoiced less the allo ...

Using Kellogg Company's accounts receivable disclosures from Exhibit 9.8 in the text and the following information, answer

Question:

Using Kellogg Company's accounts receivable disclosures from Exhibit 9.8 in the text and the following information, answer the questions.

(in millions) Net sales Accounts receivabe, net Total assets 2016 2015 $13.525 $13,014 1.231 15,111 1,344 15,251

Required

a. How is the carrying value of accounts receivable determined?

b. What factors influence management's judgment in its estimate of the amount of collectible receivables?

c. What is the percent of trade receivables to total assets at title end of 2016 and 2015?

d. What is the percent of the allowance for uncollectible accounts to total trade receivables in 2016 and 2015?

e. What were Kellogg's write-offs of accounts receivable in 2016 and 2015?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

Fantastic news! We've Found the answer you've been seeking!