(Solved): Green Technologies is a leading global end-to-end technology provider, with a portfolio of hardware ...

Green Technologies is a leading global end-to-end technology provider, with a portfolio of hardware; software and service solutions. In a recent annual report, the balance sheet included the following information (\$ in millions): In addition, the income statement reported sales revenue of \( \$ 103,220 \) million for the current year. All sales are made on a credit basis. The statement of cash flows indicates that cash collected from customers during the current year was \( \$ 102,868 \) million. There could have been significant recoveries of accounts recelvable previously written off. Required: 1. Compute the following (\$ in millionst: a. The amount of bad debts written off by Green during 2020 (Hint Treat it as a plug in the gross accounts receivable accountl b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint Treat it as a plug in the allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020 , assuming that it used the income statement. approach, 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering vour answers in the tabs below. Compute the following (s in millions): a. The amount of bad debts written off by Green during 2020 (hint: Treat it as a plug in the gross accounts receivable account in b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint: Treat it as a plug in the allowance for uncoliectible accounts). C. The approximate percentape that Green used to entimate bad debts for 2020, assuming that it used the income statement approach Note: Enter wour answers in mietions. Round your percentage answer to 3 decimal places. Geen Technologies is a leading global end-to-end technology provider, with a portfolio of hardware, software and service solutions. In a recent annual report, the balance sheet included the following information (\$ in millions): In addition, the income statement reported sales revenue of \( \$ 103,220 \) million for the current year All sales are made on a credit basis The statement of cash flows indicates that cash colected from customers during the current year was \( \$ 102,868 \) milion. There could have been significant recoveries of accounts receivable previously written off. Required: 1. Compuse the following (s in mitions): a. The amount of bad debts written off by Green during 2020 (Hint Treat it as a plug in the gross accounts receivable account): b. The amount of bod debt expense that Green included in its income statement for 2020 (Hint Treat it as a plug in the ellowance for uncollectible accounts) c. The approximate percentage that Green used to estimate bad debts for 2020 , assuaning that it used the income statement: approach 2. Suppose thas Green hed used the direct write-off method to account for bod debs. Compute the following (\$ in mallions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bas debt expense that Green would include in its 2020 income statement: Complate this question by entering your answers in the tabs below. Suphose that Green had used the direct nite-sef method to acount for ban dettr, calcufake the accounss rece vabie tefcemation that wauld be lnckded in the 2020 year-end batance sheet. Note thing your answers in minains. Green Technologies is a leading global end-to-end technology provider, with a portfolio of hardware, software and service solutions. In a recent annual report, the balance sheet included the following information is in millions): The statement of cash statement reported sales revenue of \( \$ 103,220 \) million for the current year. All sales are made on a credit basis. The statement of cash flows indicates that cash collected from customers during the current year was \( \$ 102,868 \) millon. There could Thave been signsicant recoveries of accounts receivable previously written off. Required: 1. Compute the following (S in millions): a. The amount of bad debts written off by Green during 2020 (Hint Treat it as a plug in the gross accounts receivable account): b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint Treat it as a plug in the allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bed debts for 2020, assuming that it used the income statement approach. 2. Suppose that Green had used the direct write-off method to account for bod debts, Compute the following i\$ in millions): a. The accounts recelvable information that would be incluced in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Suppose that Green had used the direct write-off method to account for bad debts, calculate the amount of bad debt expense that Green would include in its 2020 income statement. Notel Enter your answers. in millinaw