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Posted on Jun 18, 2024

Using the SEC 10-K report for Best Buy in the link below, answer the following: http://s2.q4cdn.com/785564492/files/doc_downloads/SEC_replacements/Best-Buy-Fiscal-2020-Form-10-K.pdf Search for the phrase Bad Debts or Allowance (for

Using the SEC 10-K report for Best Buy in the link below, answer the following:

http://s2.q4cdn.com/785564492/files/doc_downloads/SEC_replacements/Best-Buy-Fiscal-2020-Form-10-K.pdf

Search for the phrase "Bad Debts" or Allowance (for collectible accounts). When you read the balance sheet, you may see that the receivables are listed as a net of $X,XXX to show the Allowance for Bad Debts. Comment about the changes in Accounts Receivable and the Allowance for Bad Debts. Are they increasing or decreasing? How does this relate to sales (are sales increasing or decreasing)?

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