FINANCIAL ACCOUNTING | 1204 ACC1112 NA CengageNOW2 Online teaching and learning resource from Cangage Leaming Nature of Uncollectible Accounts MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $570,348,000 and allowance for down counts of $89,789,000. Johnson & Johnson manufactures and with a wide range of healthcare products induding Band-Aids bandages and Tylero. As of a recent yea Wohnson & Johnson reported accounts receive 11.002.000.000 and once for doubtful counts of $268,000,000 Compute the percentage of the towance for doubtful accounts to the accounts receivable for MGM Resorts International. Round to one decimal place b. Compute the percentage of the towance for doubtful accounts to the accounts receivable to orien Bohnson, Round to one decimal place c. Posible reasons for the difference in the two raties computed in (a) and (include: a Casino operators historically lose money on operations . Casino operators have larger accounts receivable c. Individuals who may have adequate creditworthiness could overextend themselves and lose more than they can afford they get caught up is the excitement of gambling d. Casino operations experience greater bad debt is because it is dus to control the creditwortness of customers entering the casino Ave