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8 March, 05:39

At September 24, 2016 , how much in total did customers owe Bullock ? How much did Bullock expect to collect and not to collect on September 24, 2016 ? What was the net realizable value of Bullock , Inc.'s receivables on September 24, 2016 ?

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  1. 8 March, 07:01
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    The question is incomplete as there were figures on which the net receivables could be computed, as a result find below complete questions and answers:

    At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect on September 24, 2016? What was the net realizable value of Bullock's receivables on September 24, 2016?

    Bullock

    Balance Sheet (Excerpt, Adapted)

    (In Millions of $)

    Sep. 24, 2016 Sep. 26, 2015

    Current assets:

    Cash and cash equivalents $14,801 $19,148

    Short-term marketable securities $41,936 $25,598

    Accounts receivable, less allowance of $69 and $97, respectively $15,941 $17,758

    Inventories $2,129 $2,235

    Vendor non-trade receivables $13,132 $13,906

    Other current assets $8,243 $15,166

    Total current assets $102,287 $107,427

    Customers owed Bullock $$15941+$69=$1610

    Bullock expected not to collect $69

    Bullock expected to collect-net realizable value $15941

    Explanation:

    Bullock has already made bad debt provisions for both years as $69 and $97 respectively. In other words, these figures are the best estimates for irrecoverable debts.
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