Historically, your company has calculated bad debts using an aging of accounts receivable. Near the end of the fiscal year, the company is in a cash crunch and needs to borrow money from the bank, using accounts receivable as collateral. The owner of the company knows that many of the accounts receivable are more than 90 days past due, resulting in net receivables equal to only 80% of total receivables. Respond to the following in a minimum of 175 words: The owner asks you to change the method of estimating bad debts to a flat 3% of receivables. What should you do?

Answers

Answer 1

If owner asks you to change the method of estimating bad debts to a flat 3% of receivables, then you should carefully "evaluate request to change method of estimating bad-debts", "use prudent and analytical approach" and to communicate effectively with stake-holders.

As a "financial-advisor" for company, it is important to consider request of owner to change method of estimating "bad-debts" to a flat 3% of receivables, given the circumstances described.

(i) It is crucial to understand the reasons behind change in method of estimating bad debts.

In this case, the company is facing a "cash-crunch" and needs to borrow money from the bank, using accounts receivable as collateral.

The owner is aware that many of "accounts-receivable" are more than 90 days past-due, which results in net receivables equal to only 80% of total receivables,

It indicates that company is experiencing a higher level of delinquency in its accounts receivable, and the owner may be seeking a more conservative estimate of bad debts to reflect this situation.

(ii) A more prudent approach would be to conduct a thorough analysis of the company's accounts receivable, considering factors such as the aging of accounts, historical collection patterns, industry norms, economic conditions, and creditworthiness of customers.

This help in developing a more accurate and reliable estimate of bad debts that aligns with the company's specific circumstances.

(iii) it is important to communicate-effectively with owner and other relevant stakeholders, explaining reasons behind recommended method of estimating bad debts and the potential implications of using a flat percentage.

This can help in building transparency, trust, and confidence in the financial reporting process and decision-making of the company.

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Related Questions

PLS HELP I HAVE NO MORE POINTS I NEED GOOD GRADES OR MY DAD WILL KILL ME

PLS HELP I HAVE NO MORE POINTS I NEED GOOD GRADES OR MY DAD WILL KILL ME

Answers

read the following

All parallel sides are equal

Parallelogram A:

Breadth=6+3=9cm

height=6cm

Area:L X B

Area=54cm²

Parallelogram B:

Beeadth=8+2=10cm

height=5cm

Area=L X B

Area=50cm²

Parallelogram C:

Breadth=7+5=12cm

height=8cm

Area=L X B

Area=96cm²

Parallelogram D:

Breadth=14cm

height=7cm

Area=L X B

Area=98cm²

Hope your dad doesnt kill you :)

Simplify this question:
4n+3(n-5)+2
What is the correct answer?
A)n+6
B)7n-13
C)n-13
D)7n+6

Answers

Answer: 7n - 13

Step-by-step explanation:

Apply the distributive property.

4n + 3n + 3 ⋅ -5 + 2

Multiply 3 by -5

4n + 3n - 15 + 2

Add 4n and 3n

7n - 15 + 2

Add - 15 and 2

7n - 13

hope this helps :)

Answer:

7n-13

Step-by-step explanation:

hay, do u remember me

Estimate 58,088-39,625 by first rounding each number to the nearest thousand.

Answers

Answer:

Here is the answer, I took it as simple I could.

Estimate 58,088-39,625 by first rounding each number to the nearest thousand.

10. If 4n = 3.60, which is the value of n? A 0.09 B 0.9 C 9 P 6.5 D 90​

Answers

Answer: The answer is B: 0.9

the setup for the program (loading the word ratings and initializing lists) takes 4 minutes. each iteration of the loop takes a different amount of time depending on the book length: condition duration circe 3 minutes educated 3 minutes becoming 6 minutes the handmaid's tale 3 minutes the help 4 minutes malik decides to change the program so that the computer can run each loop iteration in parallel. assuming that he runs the program on a computer that can run 5 tasks in parallel, how long will the parallelized solution take?

Answers

Answer:

You are to write an MPI program to implement the command described here. The program, when given

two command line arguments, the rst of which is a string called the key, and the second of which is the

path name of a text le, searches for all occurrences of the key in the text le. For each position in which

the key occurs, it prints that position as a character oset from the beginning of the le on the

standard output stream. The positions should be printed in ascending order. For example, if the

name of the program is find_matches, then the command

find_matches parallel algorithm ~/cs493.65/lecture_notes

should print every place in the le ~/cs493.65/lecture_notes at which the string parallel algorithm

begins and if that occurs at positions 3, 745, and 930, then the three numbers should appear in the order:

3 then 745 then 930.

If the key contains characters special to the shell, or blanks, it should be enclosed in single quotes or double

quotes, depending on which characters it contains. For example, to search for the key Lincoln is on a $5

bill in the le denominations you would type

find_matches 'Lincoln is on a $5 bill' denominations

or alternatively

find_matches Lincoln is on a \$5 bill denominations

whereas to search for the key Lincoln's on a $5 bill in denominations, you have to enter

find_matches Lincoln\'s on a \$5 bill denominations

A key can not contain embedded newline characters.

Step-by-step explanation:

The first part is your first MPI program, which is not difficult as a parallel algorithm but has technical challenges.

Five boxes of crackers cost 9$. At this rate, how much do 20 boxes cost?

Answers

Answer:36

Step-by-step explanation: first I did

9÷5=1.80 per box.

so then I did 1.80 x 20 which = 36

Answer:

20 boxes cost $36

Step-by-step explanation:

Using proportions,

5 boxes cost 9$

20 boxes cost X$

Cross multiply

X = 9/5 * 20 = 36$

find the median of the following: 14.8, 16.2, 4.8, 12.1, and 6.9. if needed, round your answer to the nearest tenth.

Answers

The mean will be the middle number or 12.1.

What is mean?In mathematics and statistics, the concept of mean is crucial. The most typical or average value among a group of numbers is called the mean.It is a statistical measure of a probability distribution's central tendency along the median and mode. It also goes by the name "expected value."There are different ways of measuring the central tendency of a set of values. There are multiple ways to calculate the mean. Here are the two most popular ones:Arithmetic mean is the total of the sum of all values in a collection of numbers divided by the number of numbers in a collection.

According to our question-

The median is the middle number  in the data set when the data set is written from least to greatest.

least to greatest 4.8, 6.9, 12.1, 14.8, 16.2

Hence, The mean will be the middle number or 12.1.

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A process has been sampled and it is found to have a cpk on the upper side of 2.4 and a cpk on the lower side of 1.4. the cp for this process would be?

Answers

The Cp (Process Capability Index) for the process is 1.4.

To calculate the Cp (Process Capability Index) for a process, we need to compare the process spread with the specification limits. Cp is defined as the ratio of the tolerance width to the process spread.

Cp = (Upper Specification Limit - Lower Specification Limit) / (6 * Standard Deviation)

Given that the process has a CpK (Process Capability Index on the Upper Side) of 2.4 and a CpK on the Lower Side of 1.4, we can use the relationship between Cp and CpK to find the Cp value.

Cp = min(CpK Upper, CpK Lower)

Cp = min(2.4, 1.4)

Therefore, the Cp for this process would be 1.4.

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I dont know what this means i really need help.

I dont know what this means i really need help.

Answers

I dilation is when a shape gets bigger or smaller. It's on a scale factor of 4 so just move each of the dots outward 4 units to have the new dilated shape.

48 is what percentage of 24?

Answers

Answer: 50%

Step-by-step explanation:

24 divided by 48 is 0.50 so 50%

Answer:

200%

Step-by-step explanation:

2=200% and 24 × 2 = 48

The scatterplot below shows the association between two factors. The correlation was calculated as 0.93. If an additional datapoint (7,30) was added, what effect would this have on the correlation coefficient

Answers

The effect on the correlation coefficient if the additional data point was added would be a decrease.

How would the correlation coefficient change ?

The correlation coefficient is a measure of the linear relationship between two variables. A value of 0.93 indicates a strong positive linear relationship. The additional data point (7,30) is an outlier, meaning that it is far away from the rest of the data points.

Outliers can have a significant impact on the correlation coefficient, especially if there are few data points. In this case, the outlier would pull the correlation coefficient down. The new correlation coefficient is approximately 0.85.

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The scatterplot below shows the association between two factors. The correlation was calculated as 0.93.

The state fair is a popular field trip destination. This year the senior class at High School A and the senior class at High School B both planned trips there. The senior class at High School A rented and filled 8 vans and 8 busses with 240students. High School B rented and filled 4 vans and 1 bus with 545 students. Every van had the same number of students in it. Every bus had the same number of students in it. Find the number of students in each van and in each bus.

Answers

Answer:a - number of students in each van

b - number of students in each bus

8a+8b=240

4a+b=54   => b=54-4a

8a+8(54-4a)=240

8a+432-32a=240

432-240=32a-8a

192=24a

a=192/24=8 students in each van

b=54-4*8=54-32=22 students in each bus

expand and simplify (x+1)(x+1)

Answers

Answer is x^2 +2x+ 1

Answer:

3x+1

Step-by-step explanation:

(x+1)² = (x+1)(x+1)

Using formula a²+2ab+b²: -

In this case, a = x and b = 1

= x² + 2(x) + 1²

= x +2x +1

= 3x + 1

Hope this helps!

Classify the following triangle. Check all that apply.

Classify the following triangle. Check all that apply.

Answers

Answer:

Scalene, isosceles,

Step-by-step explanation:

Scalene and I’m pretty sure it’s acute also

The president of a bank projects that the earnings from one investment will be $47,000 this year. He also plans to buy some municipal bonds that yield 25% annual interest. How much money should he invest in the bonds so that the total earnings from the two investments will be at least $80,000?​

Answers

The investment amount that the bank president should make in the bonds so that the total earnings from the two investments will be at least $80,000 is $132,000.

How is the amount determined?

The earnings from the second investment are the difference between the total expected earnings and the first investment's earnings.

Using the above difference obtained by subtraction, the investment amount is computed by dividing the difference by the annual interest rate.

The total earnings from the two investments ≥ $80,000

The profits from one investment = $47,000

The earnings from the second investment should be ≥ $33,000 ($80,000 - $47,000)

The annual interest rate on municipal bonds = 25%

The investment amount = $132,000 ($33,000 ÷ 25%)

Thus, if $132,000 were invested in municipal bonds at 25% interest, its annual earnings would be $33,000.

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If you had 21,000,000 friends and one died how many are left.

Answers

Answer:

wow um 20,999,999

Step-by-step explanation:

I dont think all of they are REAL friends

A committee of size 5 is to be chosen from a group of 7 men and 8 women. The 5 names are to be chosen randomly "out of a hat".

(a) Describe the sample space for this situation and calculate the probability of selecting any given committee.

Answers

The number of ways to choose 5 people from a total of 15 people is given by 15C5. This can be calculated as follows:15C5 = (15!)/((15-5)! * 5!) = (15 * 14 * 13 * 12 * 11)/(5 * 4 * 3 * 2 * 1) = 3003Therefore, there are 3003 ways to select a committee of 5 people from the group of 15 people. The probability of selecting any given committee is 1/3003.

There are a total of 15 people in the group. A committee of size 5 is to be chosen from a group of 7 men and 8 women randomly. Therefore, the sample space for this situation is 15C5 ways to choose 5 people from a total of 15 people. 15C5 = 3003 ways. That means there are 3003 ways to select 5 people from the group of 15 people. The probability of selecting any given committee is 1/3003. That means the probability of selecting any one committee out of 3003 committees is 1/3003.To compute the probability of selecting any given committee, we first need to determine how many possible committees can be formed from the group of 15 people. The number of ways to choose 5 people from a total of 15 people is given by 15C5. This can be calculated as follows:15C5 = (15!)/((15-5)! * 5!) = (15 * 14 * 13 * 12 * 11)/(5 * 4 * 3 * 2 * 1) = 3003Therefore, there are 3003 ways to select a committee of 5 people from the group of 15 people. The probability of selecting any given committee is 1/3003.

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PLEASEEE HELP ME!!! I NEED THE ANWER ASAP!!!
I WILL GIVE YOU 30 POINTS
Emily sells ice cream bars at the beach. In addition to a fixed salary, she earns a commission for each ice cream bar she sells. The table shows Emily's total earnings, y, from selling x bars of ice cream:

Ice Cream Sales and Earnings
Number of Bars Sold (x)
Total Earnings (dollars) (y)
0
30
1
33
2
36
3
39
Which equation best shows the relationship between x and y? (5 points)

Group of answer choices

y = x + 36

y = 3x + 36

y = x + 30

y = 3x + 30

Answers

Answer:

y = 3x + 30

Step-by-step explanation:

This is what the table should look like.

Number of Bars Sold (x)           Total Earnings (dollars) (y)

0                                                 30

1                                                  33

2                                                 36

3                                                 39

When x = 0, y = 30. The point (0, 30) is the y-intercept.

As x goes up by 1, from 0 to 1, from 1 to 2, from 2 to 3, y goes up by 3, from 30 to 33, from 33 to 36, from 36 to 39.

A change of 1 in x results in a change of 3 in y.

That is a slope of 3 since

slope = (change in y)/(change in x)

The equation of a line in slope-intercept form is

y = mx + b

We have m = 3 and b = 30, so the equation is

y = 3x + 30

Answer: 3x + 30

How many square roots is the area ?

How many square roots is the area ?

Answers

I think their 5 but I’m not sure

Faizah is paid $11 per hour for her work at a factory. She works 9 hours a day and 24 days a month. She saves $594 a month. Express the amount she saves as a percentage of her income.​

Answers

Answer:

The amount she saves is 25% of her income

Step-by-step explanation:

She is paid $11 per hour

She works 9 hours per day

and for 24 days per month

So, she works 9(24) hours per month

= 216 hours per month

Now, she is paid $11 hourly, so for 216 hours,

she will have 11(216) = $2376

Total income = $2376 per month

Saving = $594 per month

As a percentage, we divide the savings by the total income,

savings/(total income) = 594/2376 = 1/4 = 0.25

Hence we get 25%

With respect to the type of mapping between the plaintext alphabet and the ciphertext alphabet, which of the following types of cipher is a book cipher conceptually most similar to?
a.
Caesar Shift Cipher
b.
Monoalphabetic substitution cipher
c.
Monoalphabetic substitution cipher with a keyword
d.
Monoalphabetic substitution cipher with homophones
e.
Vigenere cipher

Answers

With respect to the type of mapping between the plaintext alphabet and the ciphertext alphabet are:

Monoalphabetic substitution cipher with homophones

The correct option is (d)

What is the plaintext alphabet and ciphertext alphabet?

Cryptographers often think in terms of the plaintext alphabet as being the alphabet used to write the original message, and the ciphertext alphabet as being the letters that are substituted in place of the plain letters.

With respect to the type of mapping between the plaintext alphabet and the ciphertext alphabet are:

Monoalphabetic substitution cipher with homophones

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Writing equivalent ratios and ordered pairs Gallons 1 2 3 Quarts 4 8 12 which ordered pairs represents the equivalent ratios in the table? (1,2) (1,4) (2,8) (4,1) (3,12)

Answers

Step-by-step explanation:

gallons to quarts have the ratio 1:4.

there are 4 quarts in a gallon (hence the name of quarts by the way).

so, the question is really, which order pair have also a 1:4 ratio between x and y ?

(1, 4)

(2, 8)

(3, 12)

the (4, 1) would represent a 4:1 ratio.

and as you know, 4/1 is different to 1/4.

a ratio is nothing else than a fraction. just the "whole" is different.

the pure fraction 1/4 means that the whole is 4/4, has 4 times 1/4.

a ratio 1:4 (you can also write as 1/4) means that the whole has 5 (1+4) parts.

other than that they are compared and calculated with the same way as normal fractions.

You are the director of the customer service center in Company Alpha. You find that the mean time between calls to the center is 6 minutes with standard deviation of 4 minutes. The effective response time is 11 minutes with a standard deviation of 20 minutes. (a) Identify the following parameters: ta

∂a
∂θ
ra:
rθ:

Answers

The identified parameters are:

ta = 6 minutes

tθ = 11 minutes

∂a = 4 minutes

∂θ = 20 minutes

ra = 1/6 minutes^(-1)

rθ = 1/11 minutes^(-1)

ta: Mean time between calls to the center

tθ: Effective response time

∂a: Standard deviation of the time between calls to the center

∂θ: Standard deviation of the effective response time

ra: Rate of calls to the center (inverse of ta, i.e., ra = 1/ta)

rθ: Rate of effective response (inverse of tθ, i.e., rθ = 1/tθ)

Given information:

Mean time between calls to the center (ta) = 6 minutes

Standard deviation of time between calls (∂a) = 4 minutes

Effective response time (tθ) = 11 minutes

Standard deviation of effective response time (∂θ) = 20 minutes

Using this information, we can determine the values of the parameters:

ta = 6 minutes

tθ = 11 minutes

∂a = 4 minutes

∂θ = 20 minutes

ra = 1/ta = 1/6 minutes^(-1)

rθ = 1/tθ = 1/11 minutes^(-1)

So, the identified parameters are:

ta = 6 minutes

tθ = 11 minutes

∂a = 4 minutes

∂θ = 20 minutes

ra = 1/6 minutes^(-1)

rθ = 1/11 minutes^(-1)

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3). A cylindrical tank, 5 m in diameter, discharges through a horizontal mild steel pipe 100 m long and 225 mm in diameter connected to the base. Find the time taken for the water level in the tank to drop from 3 to 0.5 m above the bottom.

Answers

The time taken for the water level in the tank to drop from 3 to 0.5 meters above the bottom cannot be determined without additional information.

To calculate the time taken, we need to know the flow rate or discharge rate of the water from the tank. This information is not provided in the question. The time taken to drain the tank depends on factors such as the diameter of the outlet pipe, the pressure difference, and any restrictions or obstructions in the flow path.

If we assume a known discharge rate, we can use the principles of fluid mechanics to calculate the time. The volume of water that needs to be drained is the difference in the volume of water between 3 meters and 0.5 meters above the bottom of the tank. The flow rate can be determined using the pipe diameter and other relevant factors. Dividing the volume by the flow rate will give us the time taken.

However, since the discharge rate is not given, we cannot perform the calculation and determine the time taken accurately.

Without knowing the discharge rate or additional information about the flow characteristics, it is not possible to calculate the time taken for the water level in the tank to drop from 3 to 0.5 meters above the bottom.

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Find the area of each triangle b= 12.4cm. h= 18 cm

Answers

\( \frac{1}{2} \times b \times h \\ \frac{1}{2} \times 12.4 \times 18 \\ 6.2 \times 18 \\ 111.6 {cm}^{2} \)

Which of the following is not a polynomial? a. -9/8 b. x^2 -9 c. 9/x + x/8 d. x^2 -9+8x

Answers

Answer:

A

Step-by-step explanation:

There is no variable, so it cannot be a polynomial.

Explicitly construct the field F8 and make addition table and multiplication table for it

Answers

To construct the field F8, we need to find a finite field with 8 elements. The field F8 can be represented as F8 = {0, 1, α, α², α³, α⁴, α⁵, α⁶}, where α is a primitive element of the field.

In F8, addition and multiplication are performed modulo 2. We can represent the elements of F8 using their binary representations as follows:

0 -> 000

1 -> 001

α -> 010

α² -> 100

α³ -> 011

α⁴ -> 110

α⁵ -> 101

α⁶ -> 111

Addition Table for F8:

+   |  0  1  α  α² α³ α⁴ α⁵ α⁶

-------------------------------

0   |  0  1  α  α² α³ α⁴ α⁵ α⁶

1   |  1  0  α³ α⁴ α  α² α⁶ α⁵

α   |  α  α³ 0  α⁵ α² α⁶ 1  α⁴

α² | α² α⁴ α⁵ 0  α⁶ α³ α  1

α³ | α³ α  α² α⁶ 0  1  α⁴ α⁵

α⁴ | α⁴ α² α⁶ α³ 1  0  α⁵ α

α⁵ | α⁵ α⁶ 1  α  α⁴ α⁵ α⁶ 0

α⁶ | α⁶ α⁵ α⁴ 1  α⁵ α  α³ α²

Multiplication Table for F8:

*   |  0  1  α  α² α³ α⁴ α⁵ α⁶

-------------------------------

0   | 0  0  0  0  0  0  0  0

1    | 0  1  α  α² α³ α⁴ α⁵ α⁶

α   | 0  α  α² α³ α⁴ α⁵ α⁶ 1

α² | 0  α² α³ α⁴ α⁵ α⁶ 1  α

α³ | 0  α³ α⁴ α⁵ α⁶ 1  α α²

α⁴ | 0  α⁴ α⁵ α⁶ 1  α α² α³

α⁵ | 0  α⁵ α⁶ 1  α α² α³ α⁴

α⁶ | 0  α⁶ 1  α α² α³ α⁴ α⁵

In the addition table, each element added to itself yields 0, and the addition is commutative. In the multiplication table, each element multiplied by itself yields 1, and the multiplication is also commutative. These properties demonstrate that F8 is indeed a field.

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Solve the inequality 7y + 2 < 5y + 12

Answers

Answer:

In the pic

Step-by-step explanation:

If you have any questions about the way I solved it, don't hesitate to ask me in the comments below =)

Solve the inequality 7y + 2 &lt; 5y + 12

Let (Xi, y), i = 1, 2, 3, 4, 5 be a set of five distinct points with integer coordinates in the xy plane. Show that the midpoint of the line joining at least one pair of these points has integer coordinates. Multiple Choice A. By the pigeonhole principle, the coordinates of the midpoint of the line joining one pair of these points must be integers; because the coordinates of the five points are all integers. B. By the pigeonhole principle, there are 10 numbers and it is always possible for the midpoint of the line joining one pair of these points to have integer coordinates. C. By the pigeonhole principle, if we have 5 points, then at least two of these points will have the same parity (both odd or both even). The midpoint of the segment joining these two points will therefore have integer coordinates. D. By the pigeonhole principle, if we have 5 points, then exactly two of these points will have the same parity (both odd or both even). The midpoint of the segment joining these two points will therefore have integer coordinates.

Answers

The correct answer is (C) by the pigeonhole principle, if we have 5 points, then at least two of these points will have the same parity (both odd or both even). The midpoint of the segment joining these two points will therefore have integer coordinates

The statement that at least one pair of the five distinct points with integer coordinates in the xy plane has a midpoint with integer coordinates can be proven using the pigeonhole principle.

Assume that we have five distinct points with integer coordinates, (X1, Y1), (X2, Y2), (X3, Y3), (X4, Y4), and (X5, Y5) in the xy plane. To find the midpoint of the line joining two points, we take the average of their x-coordinates and the average of their y-coordinates. Thus, the x-coordinate of the midpoint of the line joining two points (Xi, Yi) and (Xj, Yj) is (Xi + Xj)/2, and the y-coordinate is (Yi + Yj)/2.

Consider the x-coordinates of the five points. These are integer values, and there are only five of them. Therefore, at least two of them must be equal, by the pigeonhole principle. Without loss of generality, let us assume that X1 = X2.

Now, consider the midpoint of the line joining (X1, Y1) and (X2, Y2). Its x-coordinate is (X1 + X2)/2 = X1, which is an integer. Therefore, we have found a midpoint with an integer x-coordinate.

Alternatively, consider the parity (even or oddness) of the x-coordinates of the five points. There are only two possible parities, and there are five points. Therefore, at least two points must have the same parity, by the pigeonhole principle. Without loss of generality, assume that (X1, Y1) and (X2, Y2) have the same parity. Then, the midpoint of the line joining these two points has an integer x-coordinate, since the sum of two even (or two odd) integers is even.

Therefore, we have shown that at least one pair of the five distinct points with integer coordinates in the xy plane has a midpoint with integer coordinates. The correct answer is (C) by the pigeonhole principle, if we have 5 points, then at least two of these points will have the same parity (both odd or both even). The midpoint of the segment joining these two points will therefore have integer coordinates.

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Help me pleaseeeee
Thank you

Help me pleaseeeeeThank you

Answers

Answer:

\((x - 3)^2 + (y + 2)^2 = 41\)

Step-by-step explanation:

The general shape of the equation is:

(x-a)² + (y-b)² = r²

Where (a,b) is the center and r is the radius.

(a,b) = (3,-2) is given.

To find the radius r, or even simpler, r², calculate the distance between (-3,2) and (8,2) using pythagoras.

r² = (8-3)² + (2--2)² = 41

Other Questions
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