Question: Ive already done this as seen below Using the data above, age the receivables in six 30-day buckets including 1-30 days, 31-60 days, 61-90 days,

  1. Ive already done this as seen below Using the data above, age the receivables in six 30-day buckets including 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and 151-180 days. I just need help elaborating what these results mean
Today's Date 12/31/21
Days Late Total Amount Due
1-30 $7,986.14
31-60 $11,880.62
61-90 $12,574.47
91-120 $9,104.01
121-150 $11,499.66
151-180 $3,336.51
Grand Total $56,381.41
  1. Interpret the result. Elaborate what the result means.

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