Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys

IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting department, one of your first assignments is to assist a team tasked with analyzing the companys accounts receivable collections. As a starting point, the team is provided with the following Tableau Dashboard.

To see companies within a particular country, either click on that country or use the search field in the upper left corner. To return to the maps global view, click on the Home icon in the upper left corner.

Drawing from the data available, assess the following:

  1. Identify the three countries with the most favorable collection experience as measured by their receivables turnover ratios.
  2. Which country appears to have the most need of improvement in collection procedures as measured by its receivables turnover ratio?
  3. Which company in Peru is most responsible for that countrys low turnover ratio?
  4. IBS has established estimates for percentages of outstanding accounts receivable that are past due for the following periods of time that will be uncollectible:
2% 030 days
5% 3160 days
10% 6190 days
15% 91120 days
20% >120 days

Using these estimates, calculate the Allowance for Uncollectible Accounts for South Korea.

1.

country receivable turnover
saudi arabia 16.10
united kingdom 15.30
united states 16.30

2.

country receivable turnover ration
ethiopia 1.90

3. Company 3417

4. Allowance for uncollectible accounts ?

ship to country South Korea
0-30 days 132,900
31-60 days 36,200
61-90 days 0
91-120 days 53,800
>120 days 0
Grand total 222,900
Receivables Turnover Ratio 2.70

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions