Consider the following aging table. What will be Christian Caterings total estimated bad debts? Christian Catering Customer

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Consider the following aging table. What will be Christian Catering’s total estimated bad debts?

Christian Catering Customer Current Number of Days 1–30 31–60 61–90 Over 90 M. Saryee 100 100 B. Davis 350 350 G. Francis 2,500 2,500 C. Duncan 375 375 J. Janik 300 300 B. Arredondo 470 470 Others 20,000 10,000 7,000 1,000 500 1,500 Total $24,095 12,600 7,000 1,350 875 2,270 Estimated percentage uncollectible 1.0% 1.5% 10% 20% 50%

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Hospitality Financial Management

ISBN: 9780471692164

1st Edition

Authors: Agnes L DeFranco, Thomas W Lattin

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