Describe a couple actions the firm could take to reduce the number of overdue accounts?

F G H K L M N 1 Consider the following aging schedule, Net 15: 2 30-45 4 5-60 $11,100 $5,000 11.1% 5.0% over 60 Total $1,000 $99,800 1.0% 37.6% Days late: 0-15 15-30 Amount: $62,300 $20,400 % of total 62.4% 20.4% What is the dollar value and % of overdue accounts? Dollar value Percent $99,800 37.6% Using the concepts from chapter notes and powerpoints or book, describe a couple actions the firm could take to reduce the number of overdue accounts