Question
Amongst the receivables outstanding, there are 3 receivables for varying amounts bold in black from 3 different customers: Alpha, Beta, and Delta. The first customer
Amongst the receivables outstanding, there are 3 receivables for varying amounts bold in black from 3 different customers: Alpha, Beta, and Delta. The first customer Alpha is a reseller in Europe that purchases in bulk and payment is due upon shipment. The second customer Beta is a university that placed a large order and payment is due net 30 upon shipment. The 3rd customer Delta is a new reseller in Asia that placed a large order where payment was due upon receipt. Please write a plan on how you would collect payment and how you would go about communicating with each of the customers and to your team.
Invoice Date | Invoice # | Order # | Customer | Payment Method | Amount | Current | 1-30 | 31-60 | 61-90+ | |
11/5/15 15:36 | 1800000010 | 1800000010 | Omega | purchaseorder | 106,690.61 | 106,690.61 | ||||
12/21/15 12:03 | 1800000036 | 1800000036 | Sweden | purchaseorder | 30,526.80 | 30,526.80 | ||||
3/9/16 19:54 | 1800000054 | 1800000054 | Omega | purchaseorder | 448,190.52 | 448,190.52 | ||||
3/21/16 13:47 | 1800000064 | 1800000064 | Omega | purchaseorder | 17,107.88 | 17,107.88 | ||||
3/24/16 11:14 | 1800000069 | 1800000069 | Sweden | purchaseorder | 70,525.92 | 70,525.92 | ||||
5/11/16 10:38 | 1800000089 | 1800000089 | Greece | purchaseorder | 7,002.00 | 7,002.00 | ||||
5/11/16 10:45 | 1800000090 | 1800000090 | Portugal | purchaseorder | 160,526.16 | 160,526.16 | ||||
5/24/16 12:00 | 1800000099 | 1800000102 | Austria | purchaseorder | 4,554.00 | 4,554.00 | ||||
5/25/16 9:09 | 1800000100 | 1800000104 | Greece | purchaseorder | 7,317.00 | 7,317.00 | ||||
5/25/16 9:12 | 1800000101 | 1800000103 | Croatia | purchaseorder | 8,257.80 | 8,257.80 | ||||
5/25/16 11:20 | 1800000102 | 1800000106 | Sweden | purchaseorder | 59,002.32 | 59,002.32 | ||||
5/27/16 8:41 | 1800000103 | 1800000110 | Denmark | purchaseorder | 6,091.50 | 6,091.50 | ||||
5/27/16 9:09 | 1800000104 | 1800000111 | Alpha | purchaseorder | 61,997.88 | 61,997.88 | ||||
5/27/16 13:29 | 1800000106 | 1800000108 | Sweden | purchaseorder | 89,376.48 | 89,376.48 | ||||
5/27/16 13:30 | 1800000107 | 1800000107 | Sweden | purchaseorder | 4,554.00 | 4,554.00 | ||||
5/27/16 14:13 | 1800000108 | 1800000113 | Germany | purchaseorder | 23,618.40 | 23,618.40 | ||||
5/27/16 14:23 | 1800000109 | 1800000109 | Denmark | purchaseorder | 38,595.00 | 38,595.00 | ||||
5/31/16 9:00 | 1800000110 | 1800000115 | Croatia | purchaseorder | 3,951.25 | 3,951.25 | ||||
6/1/16 9:23 | 1800000111 | 1800000120 | Croatia | purchaseorder | 14,997.90 | 14,997.90 | ||||
6/1/16 9:40 | 1800000113 | 1800000118 | Croatia | purchaseorder | (653.75) | (653.75) | ||||
6/3/16 11:42 | 1800000114 | 1800000121 | Austria | purchaseorder | 8,026.70 | 8,026.70 | ||||
6/8/16 9:29 | 1800000120 | 1800000127 | Greece | purchaseorder | 20,886.90 | 20,886.90 | ||||
6/8/16 10:04 | 1800000121 | 1800000129 | Croatia | purchaseorder | 5,401.80 | 5,401.80 | ||||
6/15/16 13:24 | 1800000124 | 1800000133 | Spain | purchaseorder | 39,249.30 | 39,249.30 | ||||
6/15/16 13:25 | 1800000125 | 1800000134 | Croatia | purchaseorder | 5,968.80 | 5,968.80 | ||||
6/15/16 13:25 | 1800000126 | 1800000132 | Greece | purchaseorder | 19,689.90 | 19,689.90 | ||||
6/18/16 8:59 | 1800000132 | 1800000139 | Greece | purchaseorder | (1,218.00) | (1,218.00) | ||||
6/22/16 19:23 | 1800000138 | 1800000146 | Spain | purchaseorder | 57,204.36 | 57,204.36 | ||||
6/22/16 19:24 | 1800000139 | 1800000147 | Spain | purchaseorder | 3,316.50 | 3,316.50 | ||||
6/24/16 12:10 | 1800000141 | 1800000149 | Omega | purchaseorder | 103,959.13 | 103,959.13 | ||||
6/29/16 9:26 | 1800000146 | 1800000154 | Spain | purchaseorder | 32,704.25 | 32,704.25 | ||||
6/30/16 9:02 | 1800000148 | 1800000158 | Croatia | purchaseorder | 37,595.55 | 37,595.55 | ||||
6/30/16 9:03 | 1800000149 | 1800000159 | Croatia | purchaseorder | 37,595.55 | 37,595.55 | ||||
6/30/16 9:03 | 1800000150 | 1800000157 | Germany | purchaseorder | 15,525.90 | 15,525.90 | ||||
6/30/16 9:04 | 1800000151 | 1800000156 | Denmark | purchaseorder | 30,173.00 | 30,173.00 | ||||
6/30/16 11:54 | 1800000152 | 1800000160 | Denmark | purchaseorder | (866.00) | (866.00) |
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