Giuseppe has a number of corporate customers that wish to order pizza every Friday for their staff. They have asked to pay by invoice at the end of the month. This was thought to be good for business as these customers placed large orders for lunchtime when the shop generally was not very busy. However, not all of these customers pay their accounts on time. Below is a summary of the money that is owed to Giuseppe. Giuseppe's Ageing Debtors Report Debtor's Name Current Month Over 90 Over 30 days Over 60 Days Days Mike's Mechanical Services $120.00 $90.00 Jenny's Junk Yard Harry's Timber Yard $85.00 $65.00 $50.00 $240.00 Mandy's Caryard $180.00 1. Identify and describe the significant issues that are evidenced in the Ageing Debtors report above. 2. What is the total amount outstanding to Giuseppe? 3. a. Develop a Debt Collection Procedure for debt recovery used by the company, for aged debts. Please address the following: > Current Month: >> Over 30 days; > Over 60 days; > Over 90 days. b. Using the Debt Collection Procedure, what should Giuseppe do about the debt owed by Harry's Timber Yard? Replace 1. Identify and describe the significant issues that are evidenced in the Ageing Debtors report above. 2. What is the total amount outstanding to Giuseppe? 3. a. Develop a Debt Collection Procedure for debt recovery used by the company, for aged debts. Please address the following: Current Month; > > Over 30 days; > Over 60 days; > Over 90 days. b. Using the Debt Collection Procedure, what should Giuseppe do about the debt owed by Harry's Timber Yard? 4. Explain with reasons whether you would or would not continue to give credit to customers for purchases. 5. Determine a trend of the average debtor days and the impact to the cash flow for Giuseppe. 6. Who are the major internal and external stakeholders Giuseppe would need to communicate with when preparing the budget? 7. What interest do they have in the development of the budgets for the company