Refer to the balance sheet and to Notes 11 and 13.

a. Does Target have trade accounts receivable? (Trade A/R represents amounts owed by customers, versus other entities (e.g. Internal Revenue Service) or people (e.g. CEO).)

b. Discuss the various receivables Target has.

 

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11. Cash and Cash Equivalents Cash equivalents include highly liquid investments with an original maturity of three months or less from the time of purchase. Cash equivalents also include amounts due from third-party financial institutions for credit and debit card transactions, which typically settle in five days or less. February 3, January 28, 2018 (millions) 2017 304 $ Cash held by U.S. entities Cash held by entities located outside the U.S. (e) 257 33 17 Short-term investments held by U.S. entities 1,131 1,110 (a) Short-term investments held by entities located outside the U.S. 775 762 Receivables from third-party financial institutions for credit and debit card transactions 400 366 Cash and cash equivalents 2$ 2,643 $ 2,512 (a) There are no substantial taxes or restrictions to repatriate these holdings for domestic use. 11. Cash and Cash Equivalents Cash equivalents include highly liquid investments with an original maturity of three months or less from the time of purchase. Cash equivalents also include amounts due from third-party financial institutions for credit and debit card transactions, which typically settle in five days or less. February 3, January 28, 2018 (millions) 2017 304 $ Cash held by U.S. entities Cash held by entities located outside the U.S. (e) 257 33 17 Short-term investments held by U.S. entities 1,131 1,110 (a) Short-term investments held by entities located outside the U.S. 775 762 Receivables from third-party financial institutions for credit and debit card transactions 400 366 Cash and cash equivalents 2$ 2,643 $ 2,512 (a) There are no substantial taxes or restrictions to repatriate these holdings for domestic use.

Answer rating: 100% (QA)

Various Receivable Targets 1 Under Cash and Cash equi... View the full answer