Can somebody assist. unsure if selected answers are correct and unsure how to solve e &f
Using Krispy Company's accounts receivable disclosures and the following information, answer the questions below. Eff (Click the icon to view the accounts receivable disclosures.) (Click the icon to view the additional information.) Read the requirements. Requirement a. How is the carrying value of accounts receivable determined? The carrying value of the accounts receivable is |accounts receivable (amount invoiced) less the allowance for doubtful accounts Requirement b. What factors influence management's judgment in its estimate of the amount of collectible receivables? O A. Management estimates the allowance of doubtful accounts as the amount of probable credit losses in existing accounts receivable as determined from a review of past due balances and other specific account data. O B. Management estimates uncollectible accounts in existing accounts receivable as determined from a review of past percentage of assets and percentage of sales. O C. Management estimates the allowance of doubtful accounts as the amount of probable credit losses in existing accounts receivable as determined from a review of past recoveries and ability to factor with recourse. O D. Management estimates the write-off of accounts receivable as the amount of probable credit losses in existing accounts receivable as determined from a review of past due revenues and expenses. Requirement c. What is the percent of trade receivables to total assets at the end of 2013 and 2012? (Round the percentage to the nearest hundredth percent, X.XX%.) The percent of trade receivables to total assets is 4.86 % at the end of 2013 and 5.24 % at the end of 2012. Requirement d. What is the percent of the allowance for uncollectible accounts to total trade receivables in 2013 and 2012? (Round the percentage to the nearest one thousandth percent, X.XXX%.) The percent of the allowance to trade receivables is 1.000 % in 2013 and 1.474 % in 2012.Requirement e. What is the percent of bad debt expense to net sales in 2013 and 2012'? (Round the percentage to the nearest one tenthouwndth percent, X.XXXX%.] The percent of bad debt expense to net sales is |:| 9's in 2013 and |:| 96 in 2012. Requirement f. What were Krispy's miteoffs of accounts receivable in 2013 and 2012? {Enter amounts in millions as provided to you in the problem statement, XX.) Krispy's writeoffs of accounts receivable were $ :1 million in 2013 and $ i:| million in 2012. NOTE 17 SUPPLEMENTAL FINANCIAL STATEMENT DATA Consolidated Balance Sheet (millions) 2013 2012 Trade receivables $ 900 $ 950 Allowance for doubtful accounts (9) (14) Refundable income taxes 57 70 Other receivables 141 212 Accounts receivable, net $ 1,089 $ 1,218 Allowance for doubtful accounts (millions) 2013 2012 2011 Balance at beginning of year 8 $ 9 $ 6 Additions charged to expense 2 6 - Doubtful accounts charged to reserve (1) (1) (4) Balance at end of year $ 9 $ 14 $ 2More information (in millions) 2013 2012 Net sales 19,000 $ 18,100 Accounts receivable, net 1,089 1,218 Total assets 18,500 18,125 Print Done