Just answer E 5.17-

HL Scott shipped an order valued at $135,000 to a customer and shipped a second order valued at $75,000 to 5.16 on the July Accounting for Quick-Pay Incentives. H.L. Scott transacts most of its business on credit and offers its customers cro another customer on July 10. Payment was received on the July 1st order on July 6, but payment 10th order was not received until August 15. Calculate total sales, the sales discount, and net sales for HL Scott, Inc., for July. Why do companies like H.L. Scott, offer sales discounts to their customers? Why are sales discounts valuable to the customers of H.L. Scott? Preparing an Aging Schedule. East Bay Inc. uses the aging method to estimate the company's bad debe expense. Mark Evans, the president of the company, collected information about the company's outstanding accounts receivable and their probability of collection: 05.17 Probability of Amount Non-Collection Account Age $600,000 0.75% 0-30 days.. 300,000 2.00 31-60 days 150,000 3.00 61-90 days 90.000 5.00 91-120 days. 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 policy of writing off as worthless all unpaid accounts receivable over 120 days old. How will implementation of this 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 of The Coca- Cola Company: E5.18 2018 2017 (amounts in millions) Net sales. Accounts receivable (net) $31,856 3,396 $35,410 3,667 Calculate the receivable turnover ratio and the receivable collection period for 2017 and 2018. How much additional cash flow from operations could Coca-Cola generate in 2018 if it could reduce its receivable col- lect period to 30 days? Analyzing Accounts Receivable. The following information is taken from the annual report of The Mullens Corporation: E5.19 (all amounts in millions) Current Year Prior aar Net sales. Accounts receivable (net). $70,845 $70,000 12,850 12,775 Calculate the receivable turnover ratio and the receivable collection period for both the current and prior years How much additional cash flow from operations could The Mullens Corporation generate in the current year if it could reduce its receivable collection period to 60 days