A firm has the following accounts receivable: ? customer amount owed days outstanding A $1,000 15 B 530 32 C 680 45 D 1,050 18 E 115 63 F 320 22 ? If the firm's terms are n30, construct an aging schedule showing the percent of accounts that are one and two months overdue.
What will be an ideal response?
Aging Schedule: days 0?30 31?60 61?90 account: A $1,000 B $530 C 680 D 1,050 E $115 F 320 totals: $2,370 $1,210 $115?Accounts receivable as percent of total accounts 0-30 days: 64.1% 31-60 days: 32.7% 61-90 days: 3.1%?Proportion of total accounts receivable overdue: 35.8% (32.7 + 3.1).?
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What will be an ideal response?
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