This is really me .. Accounting question please help confused:?
This is really me .. Confused please help: the following information: Is taken, HP Co., Ltd. 2007 Annual Report to shareholders : 2007: provisions for suspicious account (), 47 million U.S. dollars in fiscal year Recognize the cost of bad debt end 2007: Arkansas, United States, net 15,927 2006 Arkansas million in the fiscal year, total 16.193 billion: doubt accounts for the provision () 4 million U.S. dollars in the fiscal year to recognize bad debt expense-end 2006: Arkansas, the net total of 13.573 billion 1) questions at the end of fiscal year 2007 to account HP 13.313 billion for the balance of payments, AR,? 2) HP is using the balance sheet To determine the cost of bad debt, end of year bond rate In 2006, do you use? This is really, please help me out Thanks What you've done me wrong
1. Allowance, end of 2007 = / R 2007 minus the total / R 2007, the net benefits, the end of 2007 = 266 million 2. Year-end accounts receivable ratio = Payments, divided by the end of 2006 / R switch, the total year-end 2006 ratio of receivables = (13.573 billion minus 13.313 billion), 13.573 billion = 1.92 percent rate in 2007: as a percentage = Divided 15927000000 (16193million) 16,193,000,000 rate = 1.64%, divided by the subtraction