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

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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):

Mandalay Resort Group owns and operates casinos at several of its

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).

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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