Apple Inc

  1. a) The name of the company and the URL of the annual report and page # of the balance sheet

The company is Apple Inc. The URL of the annual report is http://investor.apple.com/secfiling.cfm?filingid=1193125-15-356351&cik= and the balance sheet is found on 41 of the annual report.

 

  1. b) The amount of the NET accounts receivable for the current and previous year (shown on face of balance sheet)

According to the balance sheet, the NET accounts receivable for 2015 is $16,849,000,000 and for 2014 is $17,460,000,000.

 

  1. c) The amount of the Allowance for Doubtful Accounts for the current and previous year (Note: this amount can be found on the balance sheet parenthetically noted at accounts receivable or in the first footnote.)

According to the balance sheet, the amount of the Allowance for Doubtful Accounts for 2015 is $82,000,000 and for 2014 is $86,000,000.

 

  1. d) The gross amount of accounts receivable (part b plus part c) for each of the 2 years

The gross amount of accounts receivable is as follows:

2015: $16,849,000,000 + $82,000,000 = $16,931,000,000

2014: $17,460,000,000 + $86,000,000 = $17,546,000,000

 

  1. e) The % of the allowance compared to the total accounts receivable (part c divided by part d) for each of the 2 years.

The % of the Allowance for Doubtful Accounts = amounts of the Allowance for Doubtful Accounts/ gross amount of accounts receivable

2015: $82,000,000/$16,931,000,000 = 0.4843%

2014: $86,000,000/$17,546,000,000 = 0.4901%

Get a 10 % discount on an order above $ 100
Use the following coupon code :
SKYSAVE