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I know that the same question has been solved before but the numbers are different and i get $0 (Write offs). Feels like it is
I know that the same question has been solved before but the numbers are different and i get $0 (Write offs). Feels like it is not the right solution. Help please!
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions). According to its Form 10-K, Microsoft recorded bad debt expense of $98 and did not reinstate any previously written-off accounts during the current year. What amount of bad debts was written off during the current year? (Enter your answers in millions not in dollars.). Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were on open account. (Enter your answers in millions not in dollars.) Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions). According to its Form 10-K, Microsoft recorded bad debt expense of $98 and did not reinstate any previously written-off accounts during the current year. What amount of bad debts was written off during the current year? (Enter your answers in millions not in dollars.). Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were on open account. (Enter your answers in millions not in dollars.)
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