Starbucks 2015 150 Words Please Cite Source This question has two parts. Find th
ID: 2477922 • Letter: S
Question
Starbucks 2015
150 Words Please Cite Source This question has two parts.
Find the Accounts Receivable (may also be called Trade Receivables) for your selected company. How much is the "net amount"? This is the amount after deducting the Allowance for Uncollectible Accounts (this can have some other names). How much is the "gross amount"? If this information is not shown on the Balance Sheet, you should be able to find it in the notes that follow the financial statements. Do you think the Allowance for Uncollectible Accounts is a reasonable estimate of the uncollectible accounts?
Why? II. Read the posts of your classmates on their selected companies and reply to at least two of your peers.
Explanation / Answer
Answer: The net amount for 2015 is $719 Million.The gross amount for 2015 is $729.8 million. It shows the doubtful accounts of $10.8 Million.
Answer: I do believe that is a reasonable estimate of uncollectible accounts. I actually would think that's crazy if they were unable to collect that amount on the time.
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