Question: Assignment financial analytics mmu year one Arts Co has a total balance on their receivables account at the year end of 40,100. After reviewing their

Assignment financial analytics mmu year one

Arts Co has a total balance on their receivables account at the year end of 40,100. After reviewing their customer accounts, Arts Co have decided to do the following: - write off a debt amounting to 1,150 - make a 100% specific provision relating to a debt of 6,050 - create a general receivables provision of 3% Arts Co have a receivables provision brought forward of 2,450. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L ? What will be the value of the receivables provision carried forward? What will be the value of net receivables shown on the statement of financial position? (Enter the values with no f sign, comma or decimal places)

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