The 2016 financial statements of cvs health corporation reported sales of $177,526 million and accounts receivable of $12,164 million. if sales are projected to increase 4% next year, what is the projected accounts receivable balance for 2017?
Solved
Show answers
More tips
- F Food and Cooking What Does a Godmother Give?...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- H Health and Medicine Relieving Swelling in Legs: Causes and Ways to Alleviate the Symptom...
- W Work and Career Мерчендайзинг – все, что нужно знать...
- O Other Everything You Need to Know About Kudyabliks...
- F Food and Cooking How to cook crayfish? Everything you need to know...
- F Food and Cooking Homemade kvass: recipe and brewing process...
- H Health and Medicine How to Choose the Right Tanning Cream?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- S Sport Running: How to Do It Right?...
Answers on questions: Business
- B Business Allen s office department manufactures computer desks in its​ moosejaw, saskatchewan, plant. the company uses activity based costing to allocate all manufacturing conversion...
- B Business Which is true about free verse poetry? a. the form is less important than the poem s ideas b. the meter is generally iambic pentameter c. the sing-songy feel of a nursery...
- B Business Apractitioner is engaged to prepare a client s federal income tax return for 2017 and 2018. the practitioner files the 2017 return on the client s behalf and provided copies...
- B Business Economic analysis indicates that it will be politically more attractive to a. enact expansionary fiscal policy during a recession than to enact restrictive fiscal policy during...
- B Business Spartan systems reported total sales of $500,000, at a price of $20 and per unit variable expenses of $13, for the sales of their single product. total per unit sales $500,000...
- B Business When signing a lease for a retail space, it s important to make sure the lease has a clause, which releases the tenant from the lease if sales don t reach an agreed-upon amount....
- B Business While discussing their marketing campaign for a new product, the members of the cross-functional team responsible for carver inc. realized that a couple of changes relating...
- B Business Copan italia is a distributor of laboratory products and manufacturer of laboratory commodities, including transfer pipettes and flexible hematology cups used on a variety...
- B Business Monthly price data for mdltx and ekwax from yahoo finance is contained in the excel spreadsheet for this exercise. there are 37 months of price data for the period from september...
- B Business Which of the following methods is designed to determine the demographics of a particular target market? primary market research secondary market research diversity marketing...
Ответ:
The projected accounts receivable balance for 2017 is $12,650.55 million
Explanation:
For computing the projected accounts receivable, first, we have to compute the percentage of accounts receivable with sales which equal to
= Accounts receivable ÷ sales × 100
= $12,164 million ÷ $177,526 million × 100
= 6.85195%
Now, multiply this percentage with the increased sales
The increase in sales is = Sales + (Sales × 4%)
= $177,526 million + ($177,526 million × 4%)
= $177,526 million + $7,101.04
= $184627.04 million
So, the projected account receivable equals to
= $184627.04 million × 6.85195%
= $12,650.55 million
Ответ: