The graph below shows the trend in percentage of uncollectible accounts receivables over a five-year period at
Question:
The graph below shows the trend in percentage of uncollectible accounts receivables over a five-year period at Luna Incorporated.
Required:
1. Interpret the graph and determine, with an explanation, whether the trend is desirable or undesirable.
2. What are some possible causes of the change in percentage of uncollectible accounts receivables over the five-year period?
Transcribed Image Text:
Pergun 30% 25% 20% 158 9 20x1 2002 12% 20x3 Dogscents receive 2004 Care 30-60 degs60-90 days90-4 215 20x5 295
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Solution 1 The graph entails that the trend is desirable There is an increasing trend i...View the full answer
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Related Book For
Intermediate Accounting Volume 1
ISBN: 9781260881233
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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