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please help! thanks. please answer the questions filled in with zeros. thanks. MGM international operates casinos and reiorts across the US and in China The
please help! thanks.
please answer the questions filled in with zeros. thanks.
MGM international operates casinos and reiorts across the US and in China The company reported the following in is SEC filings- We maintani an alowance for doubtful casino accounts at al of our operating casino resorts. The pronsuon for doubtful accounts, an operating expense, increases the allowance foe. doubthul accounti. We regularly evaluate the alcwance for deubdul casino aceounts. At domestic resorts where marker play is not sigaifi- cant, the atiowante is generally esablished by apphing stancard reserve percentages to aged account balantes. At domestic resorts where marber play is signticant, weapply standard reserve percentages to aged account balancos under a spectied dollar amount and specifcally analyze the colectabisty of each account wath a balance cuer the spectied doliar amount, based on the age of the account, the curtamers finmoar condition collection history and any other knows information MGM china specdicaly anatyzes the collectabdity of casino receivables on an individual basis takng Iato arcount the age of the account, the firuncial condition and the collection history of the gaming prompter ch casina custornet. 2. Analyre the anpwance account foc eactiof the four years by computing the ratio of the allowance fo wost accourte recevable. Note: iosing the percentage to two demy places for edample enter 14.56 k for 14.55555W Note: Doriet reund until your finai answers round your finat amwers to the nearest whole dollaf. Note: Do not round untd your final answers pound your final amsers te the Pedrett whole do tar gross receivables ratio will increase to 25%6 of total gross receivables. Note: Do not round until your final answers; round your final answers to the nearest whole dollar. Please answer all parts of the question. into actoint the ate of the account, the financul condech and the colection tistary of ve camune prombler or casing cuscmer a. Analyze the aliowance account for each of the four years by computing the ratio of the allowance to gross accounts rechivable. Note: Found the percentage to two decimal places dor example, enter 14.56 \% for 14.55555% ) Note: Do not round until your final answers; round your find Leswers to the nearew whole dorlaf. recelvable for eacti af the 2019 balance sheet and incoene statement accounts listed below indicate what adjutgecots wouid be requrred under the amuinption shat the alowance to gross receivables ratio will increace to 25 \% of tokal goses rectivables Note: po not tound unol your final answers; round your final answers to the nearect whole dotar. Plesse antwer all parts of the question. MGM international operates casinos and reiorts across the US and in China The company reported the following in is SEC filings- We maintani an alowance for doubtful casino accounts at al of our operating casino resorts. The pronsuon for doubtful accounts, an operating expense, increases the allowance foe. doubthul accounti. We regularly evaluate the alcwance for deubdul casino aceounts. At domestic resorts where marker play is not sigaifi- cant, the atiowante is generally esablished by apphing stancard reserve percentages to aged account balantes. At domestic resorts where marber play is signticant, weapply standard reserve percentages to aged account balancos under a spectied dollar amount and specifcally analyze the colectabisty of each account wath a balance cuer the spectied doliar amount, based on the age of the account, the curtamers finmoar condition collection history and any other knows information MGM china specdicaly anatyzes the collectabdity of casino receivables on an individual basis takng Iato arcount the age of the account, the firuncial condition and the collection history of the gaming prompter ch casina custornet. 2. Analyre the anpwance account foc eactiof the four years by computing the ratio of the allowance fo wost accourte recevable. Note: iosing the percentage to two demy places for edample enter 14.56 k for 14.55555W Note: Doriet reund until your finai answers round your finat amwers to the nearest whole dollaf. Note: Do not round untd your final answers pound your final amsers te the Pedrett whole do tar gross receivables ratio will increase to 25%6 of total gross receivables. Note: Do not round until your final answers; round your final answers to the nearest whole dollar. Please answer all parts of the question. into actoint the ate of the account, the financul condech and the colection tistary of ve camune prombler or casing cuscmer a. Analyze the aliowance account for each of the four years by computing the ratio of the allowance to gross accounts rechivable. Note: Found the percentage to two decimal places dor example, enter 14.56 \% for 14.55555% ) Note: Do not round until your final answers; round your find Leswers to the nearew whole dorlaf. recelvable for eacti af the 2019 balance sheet and incoene statement accounts listed below indicate what adjutgecots wouid be requrred under the amuinption shat the alowance to gross receivables ratio will increace to 25 \% of tokal goses rectivables Note: po not tound unol your final answers; round your final answers to the nearect whole dotar. Plesse antwer all parts of the Step by Step Solution
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