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Certificax MaRx WE Egnment/takeAssignmentMain.do?invoker=&takeAssignments eBook Show Me How Calculator Nature of Uncollectible Accounts MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent MGM reported accounts receivable of $562,947,000 and allowance for doubtful accounts of $89,602,000. Ichinson & Johnson manufactures and wide range of healthcare products including Band-Aids and Tylenol. As of a recent year, 15 reported accounts receivab of $11,260,000,000 an allowance for doubtful accounts of $275,000,000. a. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for MGM. Round your ancer to one decimal place b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for Johnson & Johnson. Round your answer to one decimal place c. Possible reasons for the difference in the two ratios computed in (a) and (b) include: 2. Casino operators historically lose money on operations. b. Casino operators have larger accounts receivable. Individuals who may have adequate creditworthiness could overextend themselves and lose more than they can afford they get caught up excitement of gambling. Casino operations experience greater bad debt risk because it is difficult to control the creditworthiness of customers entering the casino US Top Stories Entertainment Persona Lifestyle Sports Money World Celebrities and Royals News

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