| Amdahl Corporation manufactures large-scale, high performance computer systems. In a recent annual report, the balance sheet included the following information (dollars in thousands): Don't use plagiarized sources. Get Your Custom Essay on amdahl corporation manufactures large scale high performance computer systems in a r 461849 For $10/Page 0nly | Real World Financials |
In addition, the income statement reported sales revenue of $2,158,755 ($ in thousands) 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 $2,230,065 ($ in thousands). There were no recoveries of accounts receivable previously written off.
Required:
| 1. | Compute the following (dollar amounts in thousands):
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| 2. | Suppose that Amdahl had used the direct write-off method to account for uncollectibles. Compute the following (dollars in thousands):
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