A company has two aging categories for accounts recievable. Good (0-60) and Delinquent is (61-180) Over 180 is bad debt.

A company has two aging categories for its accounts receivable: accounts that are in good standing (0-60 days old) and accounts that are delinquent (61-180 days old). If any portion of the balance is more than 180 days old, it is written off as bad debt. After analyzing accounting records, the following accounts receivable matrix was generated. Paid Off Bad Debt Good Standing Delinquent Paid Off 1.00 0.00 0.00 0.00 Bad Debt 0.00 1.00 0.00 0.00 Good Standing 0.59 0.00 0.25 0.16 Delinquent 0.46 0.21 0.20 0.13 The company currently has outstanding balances of $2,394,000 in good standing accounts receivable and $446,000 in delinquent accounts receivable. (a) Explain why the element p32 is 0.00. (b) Determine the estimated proportions of good standing accounts and delinquent accounts that will be paid off and that will be written off as bad debt. (Include at least three decimal places in your answers.) (c) Using your result from part (a), estimate how much will be paid off and how much will be written off