Aging schedule: Ginseng Company collects 50 percent of its receivables in 10 days or fewer, 31 percent

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Aging schedule: Ginseng Company collects 50 percent of its receivables in 10 days or fewer, 31 percent in 11 to 30 days, 7 percent in 31 to 45 days, 7 percent in 46 to 60 days, and 5 percent in more than 60 days. The company has $1,213,000 in accounts receivable. Prepare an aging schedule for Ginseng Company.

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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