Question: Finance Question Table A Historical A/R Classifications Default Percentages Not Due Yet (NDY) 3% 1-30 days late 5% 31-60 days late 8% 61-90 days late

Finance Question

Table A Historical A/R Classifications Default Percentages Not Due Yet (NDY) 3% 1-30 days late 5% 31-60 days late 8% 61-90 days late 17% 90+ days late 28% Table B 2021 A/R Amounts to be Collected NDY 1-30 days late 31-60 61-90 90+ Customer A $2,000 $500 $500 $1,000 Customer B $8,000 $4,000 $1,000 $3,000 Customer C $5,000 $2,000 $2,000 $1,000 Table A summarizes the historical Accounts Receivables classifications and their default percentages in 2020. Table B lists the current customers of your company and how much they owe. You, as a Junior Accountant, are asked to perform a Aging Schedule by your supervisor. Calculate the Net A/R based on the historical default percentages

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