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2. Answer the following questions based on the aging table below: Customer Total Gambert's Glasshouses Smith's Shrubbery Tony's Trees Galan's Gardens Additional Customers Total Historical
2. Answer the following questions based on the "aging table below: Customer Total Gambert's Glasshouses Smith's Shrubbery Tony's Trees Galan's Gardens Additional Customers Total Historical Default Rate Estimated uncollectible accounts Botanica Nursery Schedule of Aged Accounts Receivable December 31, 20-- Not 1-30 Days 31-60 61-90 Over 90 Due Past Due Days Days Days Past Due Past Due past Due 360 720 630 310 980 430 820 580 610 15 600 9430 5320 2 180 1 120 17 570 10 890 6 140 2 760 1 730 4% 7% 14% 35% 60% 1 080 940 2 230 1 190 33 650 39 090 9.08% 703 762 860 966 1 038 3 549 | a. Which customer poses the greatest credit risk? b. What steps could Botanica Nursery take in order to collect the outstanding accounts receivable? C. Make a guess as to why Galan's Gardens presently has no bills outstanding that cover the first 60 days. d. Check the accuracy of the calculations for all estimated uncollectible $ amounts. 2. Answer the following questions based on the "aging table below: Customer Total Gambert's Glasshouses Smith's Shrubbery Tony's Trees Galan's Gardens Additional Customers Total Historical Default Rate Estimated uncollectible accounts Botanica Nursery Schedule of Aged Accounts Receivable December 31, 20-- Not 1-30 Days 31-60 61-90 Over 90 Due Past Due Days Days Days Past Due Past Due past Due 360 720 630 310 980 430 820 580 610 15 600 9430 5320 2 180 1 120 17 570 10 890 6 140 2 760 1 730 4% 7% 14% 35% 60% 1 080 940 2 230 1 190 33 650 39 090 9.08% 703 762 860 966 1 038 3 549 | a. Which customer poses the greatest credit risk? b. What steps could Botanica Nursery take in order to collect the outstanding accounts receivable? C. Make a guess as to why Galan's Gardens presently has no bills outstanding that cover the first 60 days. d. Check the accuracy of the calculations for all estimated uncollectible $ amounts
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