Please review the attached and help me out kindly with these questions. I’m unsure of my answers I came up with and want confirmation. Thanks.
Also, please utilize the Apple 2014 10K Report with FYE 9/27/14 to answer the questions that you can find on the internet. Let me know if there are any questions. Thanks.
How much money is owed to Apple for goods and services at the end of its fiscal year?
How much of the above accounts receivable balance does the company expect to collect?
What is the percentage of ?Vendor non-trade receivables? to total current assets at the end of
the fiscal year? Round to the nearest whole percentage.
What is included in the ?Vendor non-trade receivables? balance?
Assume Apple sold goods on credit and collected some of its outstanding receivables during its
2014 fiscal year. Indicate whether those transactions increased (I), decreased (D), or had no
effect (NE) on the financial statement elements listed below.
Each box should have an answer. Cash Noncash Assets Liabilities Revenues / Gains Expenses /