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Nature of uncollectible accounts

The XYZ Corporation owns and operates hotels and casinos including th year, XYZ reported accounts receivable of $$633,000$ and allowance for dou wide range of healthcare products including Band$-$Aids and Tylenol. As of $$980,000$ and allowance for doubtful accounts of $$23,520.$

a$.$ Compute the percentage of the allowance for doubtful accounts to the answers to one decimal place.

$\%$

b$.$ Compute the percentage of the allowance for doubtful accounts to the one decimal place.

$\%$

c$.$ Possible reasons for the difference in the two ratios computed in $($a$)$

a$.$ Casino operators historically lose money on operations.

b$.$ Casino operators have larger accounts receivable.

c$.$ Individuals who may have adequate creditworthiness could overextend up in the excitement of gambling.

d$.$ Casino operations experience greater bad debt risk, since it is difficult

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