BTN$6-3.$ Business Decision Problem Sally Smith owned a dance studio in San Francisco, California. Students could buy access to the dance classes by paying a monthly fee. Unfortunately, many of Sally's students were struggling actors and actresses who lacked the ability to pay their bills in a timely manner. And, although the students were expected to pay for classes in advance, Sally had begun offering credit to many of her students in order to grow her business. This, however, created a serious liquidity problem for Sally.

$\backslash$table$[[\backslash$table$[[$Age$],[$Classification$]],\backslash$table$[[$Trade Receivables$],[$Outstanding Balance$]],\backslash$table$[[$Historical Estimate$],[$of Noncollection$]]],[0-30$ days,$$44,000,4\%$