Solution-Compute expected rate of uncollectible accounts

Compute expected rate of uncollectible accounts receivable

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Reference no: EM133071996

Question - You have been asked to analyze MetaZoo's accounts receivable. Consider the following information for April:

Beginning accounts receivable = $250,000;

Ending accounts receivable = $153,400;

TOTAL April sales = $300,000 (includes cash sales of 10.0%)

April cash collections of credit sales = $345,000

Required - Compute the expected rate of uncollectible accounts receivable?

Reference no: EM133071996

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Compute expected rate of uncollectible accounts receivable

Reference no: EM133071996

Reference no: EM133071996

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