1. Which report identifies the percentage of accounts receivable that are delinquent by 90 days or more?
a - Cash budget
b - 5 C’s of credit
c - Credit analysis
d - Aging schedule
e - Credit scoring report
2. The Lumber Yard has projected sales for April through July of $152,400, $161,800, $189,700, and $196,400, respectively. The firm collects 52 percent of its sales in the month of sale, 46 percent in the month following the month of sale, and the remainder in the second month following the month of sale. What is the amount of the July collections?
a - $189,819
b - $181,508
c - $122,852
d - $175,500
e - $192,626