a-companys-aging-schedule-shows-50000-current-1-uncollectible-20000-31-60-days-4

Question

A company’s aging schedule shows: $$50,000 current (1% uncollectible), 20$$,000 31-60 days (4% uncollectible), $10,000 over 60 days (12% uncollectible). What is the total expected uncollectible amount?

Accepted Answer

$2,500

Answer

$1,500

Answer

$2,000

Answer

$3,000

A company’s aging schedule shows: \$50,000 current (1% uncollectible), \(20,000 31-60 days (4% uncollectible), \)10,000 over 60 days (12% uncollectible). What is the total expected uncollectible amount?