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The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau
The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Supplies $476,000 Cash Accounts Receivable Inventory $732,000 $1,220,000 $1,708,000 Value (5) Accounts Receivable by Age Over 90 days past due $12,000 2,000 el 61-90 days past due $38,000 31-60 days past due $86,000 1-30 days past due $254,000 Not yet due $830,000 SO $200.000 $400.000 $600.000 $800.000 Percent Uncollectible by Age 68% Makeup of Total Sales 7096 Cash Sales 60% $2,250,000 509 4096 Estimated Percent Uncollectible 33% $7,150,000 Credit Sales 3096 20% 7% 10% 2% 3% Percent Uncollectible by Accounts Credit Sales 1% Accounts Receivable 590 0% Not yet due 1-30 days 31-60 days 61-90 days Over 90 days past due past due past due past due ** + ableau 1. Identify the amount of credit sales. 2. Identify the amount of accounts receivable. 3. Estimate the balance of the Allowance for Doubtful Accounts using the percent of accounts receivable method. Hint Identify the percent of uncollectible for accounts receivable. 1. Credit sales 2. Total accounts receivable 3. Allowance for Doubtful Accounts The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Supplies $476,000 Cash Accounts Receivable Inventory $732,000 $1,220,000 $1,708,000 Value (5) Accounts Receivable by Age Over 90 days past due $12,000 2,000 el 61-90 days past due $38,000 31-60 days past due $86,000 1-30 days past due $254,000 Not yet due $830,000 SO $200.000 $400.000 $600.000 $800.000 Percent Uncollectible by Age 68% Makeup of Total Sales 7096 Cash Sales 60% $2,250,000 509 4096 Estimated Percent Uncollectible 33% $7,150,000 Credit Sales 3096 20% 7% 10% 2% 3% Percent Uncollectible by Accounts Credit Sales 1% Accounts Receivable 590 0% Not yet due 1-30 days 31-60 days 61-90 days Over 90 days past due past due past due past due ** + ableau 1. Identify the amount of credit sales. 2. Identify the amount of accounts receivable. 3. Estimate the balance of the Allowance for Doubtful Accounts using the percent of accounts receivable method. Hint Identify the percent of uncollectible for accounts receivable. 1. Credit sales 2. Total accounts receivable 3. Allowance for Doubtful Accounts
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