Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 5.00

Mandalay Resort Group

Mandalay Resort Group owns and operates casinos at several of its hotels, located primarily  in

 

                                                     Nevada. At the end of one fiscal year, the following accounts and notes receivable were reported

 

(in thousands):


 

 

 

Hotel accounts and notes receivable                                                                                                    $31,724 Less: Allowance for doubtful accounts     1,699

 

 

 

Casino  accounts receivable                                                                                                                        $44,139

 

Less: Allowance for doubtful accounts                                                                                   12,300

 

 

 

 

 

 

 

 

$30,025

 

 

 

 

 

31,839

 

 

 

a.        Compute the percentage of the allowance for doubtful accounts to the gross hotel accounts and notes receivable for the end of the fiscal year.

 

b.       Compute the percentage of the allowance for doubtful accounts to the gross casino accounts receivable for the end of the fiscal year.

 

c.        Discuss possible reasons for the difference in the two ratios computed in (a) and (b).

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 02:07 PM My Price 5.00

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