Corporation camines statement did not equal Scott transacts most of its business on credit and offers its customers credit terms of 2/10, non Accounting for QuickPay Incentives. HLSO Inc. is a manufacturer HL Scott shipped in order valued at $135.000 to a customer and shipped a second order valued at Toth order was not received until August 15. Calculate total sales, the sales discount, and net sales for HL another on July 10 Payment was received on the July 1st order on July 6, but payment on Preparing an Aging Schedule East Bay Inc. uses the aging method to estimate the company bad debt expense. Mark Evans the president of the company collected information about the company outstanding Scott, Inc. for July. Why do companies like HL Scott, offer les discounts to their customers why ratio decrease between the two years 16 discounts valuable to the customers of HL Scott? 7 accounts receivable and their probability of collection: Probability of Non-Collection Amount Account Age $600,000 0.75 300.000 2.00 0 days 31-60 day 150.000 3.00 61-90 days 90.000 5.00 91-120 day 50.000 30.00 Over 120 days Calculate the allowance for uncollectible accounts for East Bay, Inc., the total balance in accounts receivable and the net realizable value of the company's accounts receivable. Assume that East Bay, Inc. adopts a polie of writing off as worthless all unpaid accounts receivable over 120 days old. How will implementation of policy impact the net realizable value of the company's accounts receivable? Why? Analyzing Accounts Receivable. The following information is taken from the annual report Cola Company (amounts in millions) Net sales Accounts receivable (net) Calculate the receivable turnover ratio and the receivable collection pour dditional cash flow from operations could Coca-Cola generale in 2013 -ction period to just 30 days? malyzing Accounts Receivable. The following information orporation all amounts in millions) et sales counts receivable (not) ulate the receivable tumover much additional cash flow could reduce its receivable Corporation camines statement did not equal Scott transacts most of its business on credit and offers its customers credit terms of 2/10, non Accounting for QuickPay Incentives. HLSO Inc. is a manufacturer HL Scott shipped in order valued at $135.000 to a customer and shipped a second order valued at Toth order was not received until August 15. Calculate total sales, the sales discount, and net sales for HL another on July 10 Payment was received on the July 1st order on July 6, but payment on Preparing an Aging Schedule East Bay Inc. uses the aging method to estimate the company bad debt expense. Mark Evans the president of the company collected information about the company outstanding Scott, Inc. for July. Why do companies like HL Scott, offer les discounts to their customers why ratio decrease between the two years 16 discounts valuable to the customers of HL Scott? 7 accounts receivable and their probability of collection: Probability of Non-Collection Amount Account Age $600,000 0.75 300.000 2.00 0 days 31-60 day 150.000 3.00 61-90 days 90.000 5.00 91-120 day 50.000 30.00 Over 120 days Calculate the allowance for uncollectible accounts for East Bay, Inc., the total balance in accounts receivable and the net realizable value of the company's accounts receivable. Assume that East Bay, Inc. adopts a polie of writing off as worthless all unpaid accounts receivable over 120 days old. How will implementation of policy impact the net realizable value of the company's accounts receivable? Why? Analyzing Accounts Receivable. The following information is taken from the annual report Cola Company (amounts in millions) Net sales Accounts receivable (net) Calculate the receivable turnover ratio and the receivable collection pour dditional cash flow from operations could Coca-Cola generale in 2013 -ction period to just 30 days? malyzing Accounts Receivable. The following information orporation all amounts in millions) et sales counts receivable (not) ulate the receivable tumover much additional cash flow could reduce its receivable