Menge company has accounts receivable of $107,000 at march 31. month of sale balance, march 31 average age of receivables outstanding march $68,000 16 days february 21,900 48 days january 9,500 73 days prior to january 7,600 110 days 107,000 credit terms are 2/10, n/30. at march 31, allowance for doubtful accounts has a credit balance of $1,300 prior to adjustment. the company uses the percentage-of-receivables basis for estimating uncollectible accounts. the company's estimate of bad debts is shown below. age of accounts estimated percentage uncollectible 1–30 days 3.0% 31–60 days 5.0% 61–90 days 25.0% over 90 days 50.0% collapse question part (a) determine the total estimated uncollectibles.

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)