A company started making credit available to its customers in January. It has determined to following...

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A company started making credit available to its customers in January. It has determined to following summary from its Accounts Receivable records: $139410 Invoices issued for goods sold in January Settlements in January for invoices issued in January Invoices issued for goods sold in February $134718 Settlements in February for invoices issued in January Settlements in February for invoices issued in February Invoices issued for goods sold in March Settlements in March for invoices issued in January Sale of remaining January debts to debt collector Settlements in March for invoices issued in February Settlements in March for invoices issued in March Invoices issued for goods sold in April Settlements in April for invoices issued in February Sale of remaining February debts to debt collector Settlements in April for invoices issued in March Settlements in April for invoices issued in April Invoices issued for goods sold in May Settlements in May for invoices issued in March Sale of remaining March debts to debt collector Settlements in May for invoices issued in April Settlements in May for invoices issued in May Invoices issued for goods sold in June Settlements in June for invoices issued in April Sale of remaining April debts to debt collector Settlements in June for invoices issued in May Settlements in June for invoices issued in June $14343 $66555 $12775 $140500 $146869 $27147 $14850 $64463 $11501 $129489 $29577 $15000 $69242 $11378 $25753 $17870 $71891 $13353 $119733 $20917 $12501 $69987 $11545 Determine the following probabilities based on the January to April data (Probability values should be between 0 and 1 and be accurate to at least 3 decimal places): Probability that accounts less than one month old will be paid: Probability that accounts between one and two months old will be paid Determine the following values for the June Accounts (answer to the nearest dollar); Accounts receivable balance for June: Bad debts expense for the period January to June Allowance for Doubtful Accounts balance for June: A company started making credit available to its customers in January. It has determined to following summary from its Accounts Receivable records: $139410 Invoices issued for goods sold in January Settlements in January for invoices issued in January Invoices issued for goods sold in February $134718 Settlements in February for invoices issued in January Settlements in February for invoices issued in February Invoices issued for goods sold in March Settlements in March for invoices issued in January Sale of remaining January debts to debt collector Settlements in March for invoices issued in February Settlements in March for invoices issued in March Invoices issued for goods sold in April Settlements in April for invoices issued in February Sale of remaining February debts to debt collector Settlements in April for invoices issued in March Settlements in April for invoices issued in April Invoices issued for goods sold in May Settlements in May for invoices issued in March Sale of remaining March debts to debt collector Settlements in May for invoices issued in April Settlements in May for invoices issued in May Invoices issued for goods sold in June Settlements in June for invoices issued in April Sale of remaining April debts to debt collector Settlements in June for invoices issued in May Settlements in June for invoices issued in June $14343 $66555 $12775 $140500 $146869 $27147 $14850 $64463 $11501 $129489 $29577 $15000 $69242 $11378 $25753 $17870 $71891 $13353 $119733 $20917 $12501 $69987 $11545 Determine the following probabilities based on the January to April data (Probability values should be between 0 and 1 and be accurate to at least 3 decimal places): Probability that accounts less than one month old will be paid: Probability that accounts between one and two months old will be paid Determine the following values for the June Accounts (answer to the nearest dollar); Accounts receivable balance for June: Bad debts expense for the period January to June Allowance for Doubtful Accounts balance for June:

Answer rating: 100% (QA)

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