Prepare estimate of what should be in the allowance

Assignment Help Financial Accounting

Reference no: EM1375401

Lastly, the allowance for doubtful accounts looks pretty low. A/R goes up, but allowance goes down? I need a divide workpaper (C-3) addressing the reasonableness of Apollo's Allowance for Doubtful Accounts. You will specifically identify troubled accounts, look at following cash collections, look at what Apollo's competitors do, look at what Apollo has done in past (bad debt expense as a percent of sales, allowance for doubtful accounts as a percent of total receivables) to prepare your estimate of what should be in the allowance. Also consider current and previous A/R Turnover and Days' Sales in A/R ratios.

Reference no: EM1375401

Questions Cloud

Explain noncompetition clause and public policy : Explain Noncompetition Clause and Public Policy- A man entered into an agreement to buy a small business from the entrepreneur who had started it

Provide a brief definition of a compilation : Explain one difference in auditor's procedures when conducting a evaluation under SSARS vs. a review of interim financial information conducted under auditing standards.

Compare a surplus or a deficit : Suppose if you were chief economic advisor to the President at present, what are the 3-recommendations you would make to him to improve overall effectiveness of the economy?

Use of performance measures : Show the advantages and the disadvantages of a company's use of these performance measures. Find how are these three measures related?

Prepare estimate of what should be in the allowance : What should be in the allowance. Also consider current and previous A/R Turnover and Days' Sales in A/R ratios.

Impact of foreign imports on domestic price and quantity : Make a domestic supply and demand diagrams for an item in which the U.S. does not have a comparative advantage. Discuss what impact do foreign imports have on domestic price and quantity?

Based on your unit analysis create a swot analysis : Based on your unit analysis create a SWOT analysis for the company you chose to research (PUMA). Your analysis must be between one to two pages as well as identify the company's opportunities,

Short term investment makes financial sense : Provide an example of when reclassifying a long term investment as a short term investment makes financial sense for company.

Outsourcing transfers some of the enterprise''s internal : For the reason that outsourcing transfers some of the enterprise's internal processes as well as resources to outside vendors, outsourcing

User Account

All Pages