Analyze the accounts receivable and the allowance


Assignment #4 1 FI 105 | Session 4 Assignment #4 1. Using the aftercited knowledge excite the accounts receivable and the remuneration for dubious accounts for this company: 2011 2010 Sales $6,700 $7,500 Accounts Receivable, Net 202 320 Remuneration for dubious accounts 3 12 2. The aftercited calculations bear been made for Coos Company: Growth Rate Net Sales 10.5% Completion Accounts Receivable 21.3% Remuneration for dubious accounts 2.6% Current Year Prior Year Remuneration for dubious accounts as a percentage of completion accounts receivable 3.8% 5.4% a. Excite the accounts receivable and remuneration for dubious accounts. b. What other knowledge would be advantageous for the anatomy completed in multiply a? 3. Using the aftercited excerpts from the most new annual declaration of Health Supplements, Inc., a leading manufacturer of nutritional supplements, excite the accounts receivable and remuneration for dubious accounts. Be knowing to profession all calculations and transcribe a perfect exposition of those calculations. Assignment #4 2 Concentrations of Confidence Betray Confidence betray delay reference to receivables is close delay our three largest customers, whose receivable ets accumulatively represented 75% of shameful accounts receivable at June 30, 2011 and 79% at June 30, 2010. Concentrations of confidence betray allied to the fostering accounts receivable ets are poor due to the estimate of customers comprising our fostering customer grovelling. Health Supplements, Inc. Valuation and Qualifying Accounts For the Years Ended June 30, 2011, 2010 and 2009 a) Teach how schedule is valued if the FIFO manner is used. b) Teach how schedule is valued if the LIFO manner is used. c) Why would a superintendent elect the FIFO manner during an inflationary age? d) Why would a superintendent elect the LIFO manner during an inflationary age? 4. If a determined elects to use the FIFO manner of schedule valuation instead of the LIFO Assignment #4 3 manner, teach the impression of deflation on the amounts professionn on the et sheet for schedule and on the proceeds proposition for absorb of pi sold. 5. Using the aftercited knowledge investigate the extent schedule et and the absorb of pi sold absorb that would be declarationed at the end of the year if the aftercited schedule valuation manners are used: a. FIFO b. LIFO c. Average absorb Units Purchase Price Beginning schedule 8 $5 Purchase #1 10 $6 Purchase #2 14 $7 Purchase #3 12 $6 Sales 40 6. Using the aftercited knowledge investigate the extent schedule et and the absorb of pi sold absorb that would be declarationed at the end of the year if the aftercited schedule valuation manners are used: a. FIFO b. LIFO c. Average absorb Units Purchase Price Beginning schedule 20 $12 Purchase #1 100 $11 Purchase #2 85 $10 Purchase #3 90 $9 Sales 235