Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*** (2016, filed on 2/22/17) EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies

*** (2016, filed on 2/22/17)

EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies file voluntarily.) Form 10-K or 10-KSB, which include the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet.

Required:

Access EDGAR on the Internet. The web link is www.sec.gov. (Links to an external site.)Links to an external site.

In the "Company Name" box, type "Avon Products." Access the 10-K filing for the most recent fiscal year (2016, filed on 2/22/17). Click on the blue "Interactive Data" oval. Click on the "Financial Statements" and "Notes to the Financial Statements" then answer the following questions related to the company's cash, accounts receivable and bad debts:

1. What is the amount of Cash and Cash Equivalents at the end of 2016? Be sure to indicate dollars "in thousands," "in millions" or other.

2. What does Avon include in the definition of "Cash and Cash Equivalents"? (You may want to look under "Significant Accounting Policies" for this information.)

3. What is the amount of net accounts receivable at the end of 2016? Be sure to indicate dollars "in thousands," "in millions" or other.

4. What is the amount of bad debt expense (provision for doubtful accounts) for the year 2016? (Hint: check the statement of cash flows.)

Answer all questions in complete sentences. Make sure all dollar amounts have dollar signs and the correct denomination.

Cite all sources, indicating where you found each answer (using page number or section or url.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Safety Auditing A Management Tool

Authors: Donald W. Kase

1st Edition

0471289035, 978-0471289036

More Books

Students also viewed these Accounting questions

Question

What is meant by barren money?

Answered: 1 week ago