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Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ)

Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ)

Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2012 10-K report.Accounts receivable, net$16,407$18,224HPQ footnotes to its 10-K provide the following additional information relating to its allowance for doubtful accounts.Allowance for doubtful accounts-accounts receivableBalance, beginning of period$ 470$ 525$ 629Increase in allowance from acquisition–277Addition of bad debts provision1002380Deductions, net of recoveries(106)(105)(191)Balance, end of period$ 464$ 470$ 525(a) What is the gross amount of accounts receivables for HPQ in fiscal 2012 and 2011?Gross accounts receivableAnswer16,871Answer18,694(b)What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2012 and 2011? (Round your answers to two decimal places.)Percentage of uncollectible accounts to gross accounts receivableAnswer % ??Answer %??(c)What amount of bad debts expense did HPQ report each year 2010 through 2012 (ignore increase in allowance from acquisitions)? What amount was actually written off?Bad debt expense$Answer 100$Answer 23$Answer 80Amounts actually written off$Answer 106$Answer 105$Answer 191(d)Compute HPQ’s write-offs as a percentage of the allowance account at the beginning of the year.

(Round your answers to two decimal places)2012 write-offs as a percentage of beginning of year allowance:Answer???%2011 write-offs as a percentage of beginning of year allowance:Answer????%nterpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2012 10-K report.HPQ footnotes to its 10-K provide the following additional information relating to its allowance for doubtful accounts.(a) What is the gross amount of accounts receivables for HPQ in fiscal 2012 and 2011?16,87118,694(b)What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2012 and 2011? (Round your answers to two decimal places.)(c)What amount of bad debts expense did HPQ report each year 2010 through 2012 (ignore increase in allowance from acquisitions)? What amount was actually written off?(d)Compute HPQ’s write-offs as a percentage of the allowance account at the beginning of the year.(Round your answers to two decimal places)2012 write-offs as a percentage of beginning of year allowance:???%2011 write-offs as a percentage of beginning of year allowance:????%

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