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A company started making credit available to its customers in January. It has determined to following summary from its Accounts Receivable records: Invoices issued for
A company started making credit available to its customers in January. It has determined to following summary from its Accounts Receivable records: Invoices issued for goods sold $142791 in January Settlements in January for invoices issued in January $12795 Invoices issued for goods sold $134304 in February Settlements in February for invoices issued in January Settlements in February for invoices issued in February Invoices issued for goods sold in March Settlements in March for invoices issued in January $24d43 Sale of remaining January debts to debt collector $11580 Settlements in March for invoices issued in February $68106 Settlements in March for invoices issued in March $11895 Invoices issued for goods sold $126258 in Aprill Invoices issued for goods sold in April Settlements in April for invoices issued in February Sale of remaining February $14023 debts to debt collector Settlements in April for invoices issued in March Settlements in April for $10124 invoices issued in April Invoices issued for goods sold $130812 in May Settlements in May for $22834 invoices issued in March Sale of remaining March debts $18387 to debt collector Settlements in May for $64457 invoices issued in April Settlements in May for $13484 invoices issued in May Invoices issued for goods sold $133613 in June Settlements in June for $20332 invoices issued in April Sale of remaining April debts to debt collector Settlements in June for $64879 imvoices issued in May Settlements in June for Determine the following probabilities based on the January to April data (Probability values should be between 0 and 1 and be accurate to at least 3 decimal places): Probability that accounts less than one month old will be paid: Probability that accounts between one and two months old will be paid: Determine the following values for the June Accounts (answer to the nearest dollar): Accounts receivable balance for June: Bad debts expense for the period January to June: Allowance for Doubtful Accounts balance for June: A company started making credit available to its customers in January. It has determined to following summary from its Accounts Receivable records: Invoices issued for goods sold $142791 in January Settlements in January for invoices issued in January $12795 Invoices issued for goods sold $134304 in February Settlements in February for invoices issued in January Settlements in February for invoices issued in February Invoices issued for goods sold in March Settlements in March for invoices issued in January $24d43 Sale of remaining January debts to debt collector $11580 Settlements in March for invoices issued in February $68106 Settlements in March for invoices issued in March $11895 Invoices issued for goods sold $126258 in Aprill Invoices issued for goods sold in April Settlements in April for invoices issued in February Sale of remaining February $14023 debts to debt collector Settlements in April for invoices issued in March Settlements in April for $10124 invoices issued in April Invoices issued for goods sold $130812 in May Settlements in May for $22834 invoices issued in March Sale of remaining March debts $18387 to debt collector Settlements in May for $64457 invoices issued in April Settlements in May for $13484 invoices issued in May Invoices issued for goods sold $133613 in June Settlements in June for $20332 invoices issued in April Sale of remaining April debts to debt collector Settlements in June for $64879 imvoices issued in May Settlements in June for Determine the following probabilities based on the January to April data (Probability values should be between 0 and 1 and be accurate to at least 3 decimal places): Probability that accounts less than one month old will be paid: Probability that accounts between one and two months old will be paid: Determine the following values for the June Accounts (answer to the nearest dollar): Accounts receivable balance for June: Bad debts expense for the period January to June: Allowance for Doubtful Accounts balance for June
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