|
Title: Commercial Supply Corp. bills its accounts on terms of 2/10 net 30. The firm's accounts receivable ... Post by: malabranche13 on Jul 7, 2019 Commercial Supply Corp. bills its accounts on terms of 2/10 net 30. The firm's accounts receivable include $200,000 that has been outstanding for ten or fewer days, $126,000 outstanding for 11 to 30 days, $98,000 outstanding for 31 to 40 days, $12,000 outstanding for 41 to 50 days, $20,000 outstanding for 51 to 60 days, and $7000 outstanding for more than 60 days. Is the aging schedule for Commercial Supply Corp. bottom heavy?
▸ No, since since the percentage of payments that are late are greater than the percentage of payments that are on time. ▸ Yes, since the percentage of payments that are late are greater than the percentage of payments that are on time. ▸ No, since 70% of the outstanding sales are on time and the percentage of long term outstanding payments is low. ▸ cannot tell from the information given Title: Commercial Supply Corp. bills its accounts on terms of 2/10 net 30. The firm's accounts receivable ... Post by: gtur on Jul 7, 2019 No, since 70% of the outstanding sales are on time and the percentage of long term outstanding payments is low.
Title: Commercial Supply Corp. bills its accounts on terms of 2/10 net 30. The firm's accounts receivable ... Post by: malabranche13 on Jul 7, 2019 This calls for a celebration :raised_hands:
|