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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 \begin{tabular}{lll} Cash Accounts Receivable & Inventory & Supplies \\ \hline & Value ($) & \end{tabular} Accounts Receivable by Age Over 90 days past due 6190 days past due 3160 days past due 130 days past due Not yet due Accounts Receivable ($) Makeup of Total Sales Percent Uncollectible by Accounts 1. Estimate the balance of the Allowance for Doubtful Accounts using percent of sales method. Assume a $0 existing balance in Allowance for Doubtful Accounts. Hint: Identify the percent of uncollectible for credit sales. 2. Estimate the balance of the Allowance for Doubtful Accounts using percent of receivables method. Assume a $0 existing balance Allowance for Doubtful Accounts. Hint: Identify the percent of uncollectible for accounts receivable. 3. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. Assume a $0 existing balance in Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. 1. Estimate the balance of the Allowance for Doubtful Accounts using percent of sales method. Assume a $0 existing balance in Allowance for Doubtful Accounts. Hint: Identify the percent of uncollectible for credit sales. 2. Estimate the balance of the Allowance for Doubtful Accounts using percent of receivables method. Assume a $0 existing balance in Allowance for Doubtful Accounts. Hint: Identify the percent of uncollectible for accounts receivableStep by Step Solution
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