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Nature of Uncoliectible Accounts The XYz Corporation owns and operates hotels and casinos including the XYZ Grand and the Beltagio in Las Vegas, Nevada. As

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Nature of Uncoliectible Accounts The XYz Corporation owns and operates hotels and casinos including the XYZ Grand and the Beltagio in Las Vegas, Nevada. As of a recent year, Xhz reported accounts receivable of $351,000 and allowance for doibatfu accounts of $60,723. Patient Care manufactures and sells a wide range of healthcare products inclading Eand-Aid bandages and Tylenol 8. As of a recent vear, Patient Care reported accounta receivable of $974,000 and allowance for doobthul accounts of $56,492. a. Compute the percentage of the allowance for doubthul accounts to the accounts receivable for the XVz Corporation. Round your answer to one decimal place. b. Compute the percentage of the allbmance for doubtul accounts to the accounts rocekable for Patient Care. Round your answer to one decimal place. c. Poasible reasons for the difference in the twe ratios computed in (a) and (b) include: a. Cagine operators historically lose money on operaticns. b. Casino operators have larger accounts recelvable. c. Individuals who may have adequate credowarthinss could overextend therselves and lose more than they can afford if they get caught up in the excitement of gambling. d. Catino operations expenence greater bad debe tisk because it is diffeult to control the ereditworthiness of customers ertiering the capino

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