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can you please solve the problems and show how? pls help hoice choice that best comipletes the statement or answrs the question 1. During 2018,
can you please solve the problems and show how? pls help
hoice choice that best comipletes the statement or answrs the question 1. During 2018, the accounts receivable turnover rate for Play Now increased from 8 to 13 times per year. Which one of the following statements is the most likely explanation for the change? A. The company has increased sales to its most credit worthy customers B. The company has decreased the amount of time customers have to pay their accounts before they are past due. The company has extended credit to more risky customers in order to increase sales The company's credit department has followed up with customers whose account balances are past due in order to generate quicker collections 2. On December 23, H&H Bagels sold bagels with a gross price of S203,000 to a customer, HE Pennypacker, with terms of recorded if payment was received from the customer on December 31? Assume the company uses the Gross Method of recording receivables. 3/10, n/30. How much Sales Discounts would be A. $196,910 $O $6,090 D. $203,000 3. Penske Co. sells to only one customer, Dr. Martin Van Nostrand. Penske had beginning Accounts Rceivable of $275,300 and ending accounts Receivable were $311,000. Assuming cash collections totaled $824,930, what were credit sales? A/ $1,411,230 $824,930 $860,630 D. $789,230 item appeared on a balance sheet: Receivables, less allowance of (S311) Bad Debt Expense for the period was S909. The gross balance in Accounts Receivable before the allowance was deducted was: $1,019 $1,330 B. $1,019 C. $421 D. $1.617
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