Question: 12. i need help with this problem for my corporate finace class. It would be much appriected if you can show me how you got
The Mighty Power Tool Company has the following accounts on its books: (Click on the following icon in order to copy its contents into a spreadsheet.) The firm extends credit on terms of 1/15, net 30 . Develop an aging schedule using 15 -day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days. Fill in the following Mighty Power Tool Company Aging Schedule: (Round dollar amounts to the nearest dollar and percentages to one decimal place.) A total of 5 is outstanding for more than 60 days and represents \% of Mighty Power Tool Company's accounts receivable. (Round dollar amounts to the nearest dollar and percentages to one decimal place.)
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