WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to you at World Biz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. From the Financial Statement Notes Accounts Receivable (gross) Allowance for Doubtful Accounts Accounts Receivable, Net Year 5 $102,000 (5,100) 96,900 Year 4 $62,000 (6,200) 55,800 Year 3 $42,000 (4,200) 37,800 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7.100 12,400 3,200 $570,000 6,300 14.250 9,200 $510,000 6,300 12.750 5,200 Required: 1-0. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Doubtful Accounts 1-b. Which year does not align with the other two? 2-o. For each of the years, calculate the proportion of Net Sales Revenue that Bad Debt Expense represents. 2-b. Which year does not align with the other two? 3-6. Did customers take greater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more (or less) likely to promptly pay their balances in Year 5 os compared to prior years? 4-a. Calculate the average days to collect in Year 5 and Year 4. 4-b. Does the asure indicate customers paid their balances faster (or slower) in Year 5 as compared to Year 4? 5-a. Indicate or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs below. Reg IA Reg 1B Reg 2A Reg 2B Reg 3A Req 3B Req 4 Req 48 Reg SA For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Doubtful Accounts. Year 5 Year 4 Year 3 Proportion of Gross Accounts Receivables Reg 1A Req 1B > WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)--has recently reported the following information to you at World Biz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely, From the Financial Statement Notes Accounts Receivable (eross) Allowance for Doubtful Accounts Accounts Receivable, Net Year 5 $102,000 (5,100) 96,900 Year 4 $62,000 (6,200) 55,800 Year 3 $42,000 (4,200) 37,800 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7,100 12,400 3,200 $570,000 6,300 14.250 9,200 $510,000 6,300 12,750 5 ,200 Required: B ross Other 1-a. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Doubtful Accounts. 1-b. Which year does not align with the other two? 2-o. For each of the years, calculate the proportion of Net Sales Revenue that Bod Debt Expense represents. 2-b. Which year does not align with the other two? 3-6. Did customers take greater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more or less) likely to promptly pay their balances in Year 5 as compared to prior years? 4-6. Calculate the average days to collect in Year 5 and Year 4. 4-b. Does this measure indicate customers paid their balances faster (or slower) in Year 5 as compared to Year 4? 5-a. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs below. Real Reg 10 Reg 2A Req 28 R A Rega Rogan og SA Which year does not align with the other two? Reg 1 Req2A > WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following int you at WorldBiz's head office. You are trying to decide whether to direct your internal audit staff to investigate more close From the Financial Statement Notes Accounts Receivable (eross) Allowance for Doubtful Accounts Accounts Receivable, Net Year 5 $102,000 (5,100) 96,900 Year 4 $62,000 (6,200) 55,800 Year $42,000 (4,200) 37,800 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7,100 12,400 3,200 $570,000 6,300 14,250 9,200 $510,000 6,300 12,750 5,200 Required: 1-a. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed fo Allowance for Doubtful Accounts 1-b. Which year does not align with the other two? 2-a. For each of the year calculate the proportion of Net Sales Revenue that Bad Debt Expense represents. 2-b. Which year does not ign with the other two? 3-a. Did customers take greater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more (or less) likely to promptly pay their balances in Year 5 as compared to prior ye. 4-6. Calculate the average days to collect in Year 5 and Year 4. 4-b. Does this measure indicate customers paid their balances faster (or slower) in Year 5 as compared to Year 4? 5-a. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management pract closely. Complete this question by entering your answers in the tabs below. Red LA Reg 1B Reg 2A Reg 28 Reg 3A Req 38 Req 4A Red 4B Reg SA For each of the years, calculate the proportion of Net Sales Revenue that Bad Debt Expense represents (Round your answers to 1 decimal place.) Years Year 3 Proportion of Net Sales Revenue WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)--has recently reported the following information to you at WorldBiz's head office. You are trying to decide whether to direct your internal audit stoff to investigate more closely From the Financial Statement Notes Accounts Receivable (cross) Allowance for Doubtful Accounts Accounts Receivable, Net Years $102,000 (5,100) 96.900 Year a 562,000 (6,200) 55,800 Year $42.000 04.2003 3 8001 Other Information Gathered Net Sales Revenue Accounts Receivable write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7,100 12,400 3,200 $570,000 6,300 14.250 9,200 $518,000 6,300 12,750 5,200 Required: 1-o. For each of years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance foubtful Accounts 1-b. Which year doeot align with the other two? 2-1. For each of the calculate the proportion of Net Sales Revenue that Bad Debt Expense represents 2-b. Which year does no align with the other two? 3-6. Did customers take ater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more or less) likely to promptly pay their balances in Year 5 as compared to prior years? 4-6. Calculate the average days to collect in Year 5 and Year 4. 4-5. Does this measure indicate customers paid their balances faster for slower) in Year 5 os compared to Year 47 5-a. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs bel Reg 1A Reg 13 Reg 2A Reg 28 Reg Reg 38 which year does not align with the other wo? WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to you at World Biz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. From the Financial Statement Notes Accounts Receivable (gross) Allowance for Doubtful Accounts Accounts Receivable, Net Year 5 $102,000 (5,100) 96,900 Year 4 $62,000 (6,280) 55,800 Year 3 $42,000 (4,200) 37,800 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7,100 12,400 3,200 $570,000 6,300 14.250 9,200 $510,000 6,300 12.750 1905 .200 Required: 1-o. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Doubtful Accounts 1-b. Which year do not align with the other two? 2-. For each of the years, calculate the proportion of Net Sales Revenue that Bad Debt Expense represents 2-b. Which year does not align with the other two? 3-. Did customers take greater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more or less) likely to promptly pay their balances in Year 5 as compared to prior years? 4-. Calculate the average days to collect in Year 5 and Year 4. 4-b. Does this measure indicate customers paid their balances faster (or slower) in Year 5 os compared to Year 4? 5-a. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs below. Req1A Reg 1B Req2A Req 28 793 Reg 38 Req 4A Req 48 Reg 5A Did customers take greater (or lester) advantage of sales discounts in Year 5 than in Year 4 and Year 3? Creator WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to you at World Biz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. From the Financial Statement Notes Accounts Receivable (cross) Allowance for Doubtful Accounts Accounts Receivable, Net Years $102,000 (5,100) 96,900 Year 4 $62,000 (6, 200 55, 800 Year $42.000 0 , 200) 3 2 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7,100 12,400 3,200 $570,000 6,300 14,250 9,200 $510,000 6, 100 12,750 5,200 Required: 1-a. For each of the ears, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance forbtful Accounts 1-b. Which year does align with the other two? 2. For each of the ye calculate the proportion of Net Sales Revenue that Bad Debt Expense represents 2-b. Which year does not align with the other two? 3-6. Did customers take ster (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 37 3-b. Does this indicate cus: Ters were more (or less) likely to promptly pay their balances in Year 5 as compared to prior years? 4-6. Calculate the average casto collect in Year 5 and Year 4. 4-b. Does this measure indicate customers paid their balances faster (or slower) in Year 5 as compared to Year 47 5-6. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Req 28 Red 3A N Reg 38 Reg Reg 43 Rad SA Does this indicate customers were more or less likely to promptly pay their balance Year 5 as compared to prior years? World Biz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to you at WorldBiz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. From the Financial Statement Notes Accounts Receivable (gross) Allowance for Doubtful Accounts Accounts Receivable, Net Year 5 $102,000 ( 100) 96,900 Years Year 4 $62,000 (6,200) 55,800 Year $42,000 (4200) 37 Bed Other Information Gathered Niet Sales Revenue Accounts Receivable write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) 5620,000 7,100 12,400 3,200 $570,000 6,300 14.250 9,200 $510.000 6,300 12,750 5.200 Required: 1-a. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Subtful Accounts 1-b. Which year dorot align with the other two? 2.0. For each of the calculate the proportion of Net Sales Revenue that Bad Debt Expense represents 2-b. Which year does not align with the other two? 3-. Did customers take a ter (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more (or less) likely to promptly pay their balances in Year 5 as compared to prior years? 4-6. Calculate the average days to collect in Year 5 and Year 4. 4-5. Does this measure indicate customers paid their balances faster (or slower in Year 5 as compared to Year 47 5-a. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs Red I Rey 18 Reg 2 Reg 28 Re Reg 38 Calculate the average days to collect in Year and Year 4. (Use 365 days decimal place.) Years Yoara Average days to colod days WorldBiz operates divisions around the world. Its European division-EuroBiz has recently reported the following information to you at WorldBiz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. From the Financial Statement Notes Accounts Receivable (eross) Allowance for Doubtful Accounts Accounts Receivable, Net Year 5 $102.000 (5,100) 96 900 Year 4 $62,000 6,200 55,800 $42.000 (4,200) 37,800 $620.000 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, n/30) 1,100 12. UN NO 9.200 Required: Neo 1-o. For each of the years, calculate the proportion of gross accounts receivable estimated uncollectib Allowance to Doubtful Accounts. 1-b. Which year does not align with the other two? 2.0. For each of the ears, calculate the proportion of Net Sales Revenue that Bad Debt Expense represents 2-b. Which year docot align with the other two? 3-a. Did customers take greater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more or less) likely to promptly pay their balances in Year 5 as compared to prior year 4-. Calculate the average days to collect in Year 5 and Year 4. 4-b. Does this measure indicate customers paid their balances faster (or slower) in Year 5 os compared to Year 4? 5-a. Indicate lyes or no) whether you should direct your internal audit staff to investigate EB's receivables management practices more closely a y pay the heir balacer Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Reg 3A Reg 38 Req4A Reg 4B Reg SA Does this measure indicate customers paid their balances faster (or lower) in Year 5 as compared to Yeah Ofast ( Req 4A Req5A > CCOO LOOVU WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to you at WorldBiz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. Year 5 Year 4 Year 3 From the Financial Statement Notes Accounts Receivable (gross) Allowance for Doubtful Accounts Accounts Receivable, Net $102,000 (5, 109) 96 909 $62,000 (6,200) 55,800 $42,000 0,200) 37.00 Other Information Gathered Net Sales Revenue Accounts Receivable Write-offs Bad Debt Expense Sales Discounts (3/10, 1/30) $620,000 7,100 12,400 3,200 $570,000 6,300 14,250 9,200 $510,000 6,300 12,750 5,200 Required: 1-6. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Doubtful Accounts 1-b. Which yes oes not align with the other two? 2-1. For each years, calculate the proportion of Net Sales Revenue that Bad Debt Expense represents 2-b. Which year not align with the other two? 3-6. Did customers greater for lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 37 3-b. Does this indicetustomers were more (or less) likely to promptly pay their balances in Year 5 as compared to prior years? 4-6. Calculate the ave days to collect in Year 5 and Year 4 4-b. Does this measure cate customers paid their balances faster (or slower) in Year 5 as compared to Year 4? 5-a. Indicate lyes or no) ther you should direct your internal audit staff to investigate EB's receivables management practices more closely Complete this question by entering your answers in the tabs below. Red LA Req1B Reg 2A Reg 28 Req3A Reg 38 Reg 4A Reg 4B Indicate (yes or no) whether you should direct your internal audit staff to investigate EBs receivables management practices more docely