ACC 291T Week 4 Discussion | University of Phoenix | Assignment Help
- University of Phoenix / ACC 291T
- 10 Jun 2021
- Price: $7
- Accounting & Economics Assignment Help / Finance
ACC 291T Week 4 Discussion | University of Phoenix | Assignment Help
Discussion Topic
Post a total of 3 substantive responses over 2 separate
days for full participation. This includes your
initial post and 2 replies to other students.
Due Day 3
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?
Due Day 7
Reply to at least 2 of your classmates. Be constructive and
professional in your responses.
USA 
India