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Cassidy Tate owns the Huddle House Catering Company. Her clients are routinely billed after their events have concluded, and, as a result, Cassidy carries a
Cassidy Tate owns the Huddle House Catering Company. Her clients are routinely billed after their events have concluded, and, as a result, Cassidy carries a significant amount of accounts receivable.
Help Cassidy complete the accounts receivable aging report she has begun for her business by filling in the appropriate missing data.
Huddle House Catering Accounts Receivable = | $ 250,000.00 | Total | |||
Number of Days Past Due | |||||
Less than 30 | 3060 | 6090 | 90+ | ||
$187,500 | |||||
$37,500 | |||||
Total | $187,500 | $37,500 | |||
% of Total | 3.0% | ||||
1. Would you be concerned about the amount of accounts receivable Cassidy has outstanding? Do you think Cassidy is doing a good job in monitoring her accounts receivable? Why or why not? | |||||
2. Why should a manager be concerned about having outstanding accounts receivable? |
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