using the following excerpts from the most recent annual report for WooHoo Inc, a high technology firm, analyze the accounts receivable and the allowance for doubtful accounts to answer the following questions 2015 2014 dolars in milions Net sales -t:,200-400 Accounts receivable- less allowance for doubtul acounts of $22 Apri 30, 2015 and 540 Aprl s0, 2024 $1,000 $1,030 eccountsof $22 at WooHee Valuation and Qualifying Accounts For the Years Ended April 30, 2015, 2014 and 2013 (delors in millions) Charged to Deductions Balance at end expenser Allowance for Balance at of period 2015 2014 2013 doubtful accounts beginning of period 540 551 $46 (523) (s15) $25($20) $22 540 551 The amount charged to Bad Debt Expense decreased dramatically from 2013 to 2014. Which of the following is not a possible explanation for this change? 29) A WooHoo Inc. management is expecting to collect a larger percentage of the Accounts B. C. D. Receivable WooHoo Inc. was attempting to increase Net Income. WooHoo Inc. had previously been overestimating Bad Debt Expense. WooHoo Inc. management is expecting to collect a smaller percentage of the Accounts Receivable. 30) What was the balance of the Accounts Receivable account in 2015? A. $1,022,000,000 B. $1,040,000,000 C. $1,030,000,000 D. $1,000,000,000 31) What is the sales growth rate? A. 12.50% B. $800 C. 88.90% D. 1.13% 2) Which of the accounts referred to involves discretion or judgement on the part of the firm? A. Sales Revenue B. Accounts Receivable C. Allowance for Doubtful Accounts D. None of the accounts involve judgement