Question: Cirrus Logic Inc is a leading designer and manufacturer of

Cirrus Logic, Inc., is a leading designer and manufacturer of advanced integrated circuits that integrate algorithms and mixed-signal processing for mass storage, communications, consumer electronics, and industrial markets. The company's 2009 financial statements contained the following information:

In addition, the statement of cash flows disclosed that accounts receivable decreased during 2009 by $9,346 (in thousands). This indicates that cash received from customers was $9,346 (in thousands) more than accrual sales revenue. Also, a disclosure note reported that the allowance for uncollectible accounts (in thousands) was $451 and $404 at the end of 2009 and 2008, respectively.

1. What is the amount of accounts receivable due from customers at the end of 2009 and 2008?
2. Assuming that all sales are made on a credit basis, determine the amount of bad debt expense for 2009 and the amount of actual bad debt write-offs made in2009.
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  • CreatedJuly 02, 2013
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