Question: FINANCE 331 Second Problem, Chapter 6 Month Credit Sales Uncollected Amounts Jan Mar Apr May June 50 Feb 15 60 Jan Feb. March April May

FINANCE 331 Second Problem, Chapter 6 Month Credit Sales Uncollected Amounts

FINANCE 331 Second Problem, Chapter 6 Month Credit Sales Uncollected Amounts Jan Mar Apr May June 50 Feb 15 60 Jan Feb. March April May June 100 120 100 80 60 70 18 50 15 40 12 30 9 35 44 75 Total AR: 68 55 42 From the Date above: a. b. Construct aging schedules for February through June. Interpret your results. Calculate DSO for Mach through June. Use 3 months to calculate average daily credit sales. Interpret your results. Calculate uncollected balance percentages for February through June. Interpret your results. What technique of measuring collections is telling the true story and why? *C. d. FINANCE 331 Second Problem, Chapter 6 Month Credit Sales Uncollected Amounts Jan Mar Apr May June 50 Feb 15 60 Jan Feb. March April May June 100 120 100 80 60 70 18 50 15 40 12 30 9 35 44 75 Total AR: 68 55 42 From the Date above: a. b. Construct aging schedules for February through June. Interpret your results. Calculate DSO for Mach through June. Use 3 months to calculate average daily credit sales. Interpret your results. Calculate uncollected balance percentages for February through June. Interpret your results. What technique of measuring collections is telling the true story and why? *C. d

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