BSBFIM501 TASK B QUESTION 3 PLEASE ANSWER

Identify and discuss 3 ways that Perfect Plants Pty Ltd could improve the timing of its cash collections. Your response should be approximately 50-100 words.

Perfect Plants Pty Ltd has strict 30 day credit terms for its customers. Review the Aged Debtors report below and answer the questions following in the spaces provided. Perfect Plants Pty Ltd - Wholesale department Aged Debtors report As at 30/6/18 0-30 31 - 60 61 - 90 Over 90 Debtor name Total, $ Days, $ Days, $ Days, $ Days, $ Joe's landscaping 263,500 65,875 197,625 Phil's plumbing 527,000 527,000 Marsh gardens MJ Rowles Pty Ltd 158,100 39,525 47,430 55,335 15810 Harbourside landscaping 84,320 8,432 75,888 Craig's coastal care 21,080 21,080 TOTALS 1,054,000 640,832 320,943 55,335 36,890