Question: The Super Power Tool Company has the following accounts receivables on its books: The firm has credit terms of 1/15, net 30. Construct an ageing

The Super Power Tool Company has the following accounts receivables on its books:

Amount $ Age (days) ( begin{array}{llr}text { Customer 1 } & 50,000 & 35  text { Customer 2 } & 35,000 & 5  text {

The firm has credit terms of 1/15, net 30. Construct an ageing schedule using 15-day increments through to 60 days.

1) What percentage of Accounts Receivable dollar amount has 31-45 days outstanding? _% (Give answer as a percentage to 2 decimal places)

2) What dollar amount of Accounts Receivable has 0-15 days outstanding? $_ (Give answer to nearest dollar)
 

Amount $ Age (days) 35 Customer 1 50,000 Customer 2 35,000 Customer 3 20,000 Customer 4 79, 000 Customer 5 44,000 Customer 6 18,000 Customer 7 82, 000 Customer 8 38,000 5 10 22 40 12 53 90

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