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Huron Corporation (HC) operates in an industry which has a high rate of uncollectible accounts. You have been provided with the following aged accounts receivable
Huron Corporation (HC) operates in an industry which has a high rate of uncollectible accounts. You have been provided with the following aged accounts receivable listing as at April 30, 2014: Days Accounts Outstanding Amount Estimated Percentage Uncollectible 0 to 30 days $600,000 31 to 60 days 75,000 61 to 90 days 45,000 90+ days 30.000 $750.000 5% 20% 359 50%
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