Route Canal

Route Canal Shipping Company has the following schedule for aging of accountsreceivable…Please see bottom for tablea. Fill in column (4) for each month.b. If the firm had $1,440,000 in credit sales over the four-month period, computethe average collection period. Average daily sales should be based on a120-day period.c. If the firm likes to see its bills collected in 30 days, should it be satisfied withthe average collection period?d. Disregarding your answer to part c and considering the aging schedule foraccounts receivable, should the company be satisfied?e. What additional information does the aging schedule bring to the companythat the average collection period may not show?Age of Receivables 30-Apr-07 1 2 3 4 Month of Sales Age of Account Amounts Percent of Amount Due April 0-30 $105,000 _________March 31-60 $60,000 _________February 61-90 $90,000 _________January 91-120 $45,000 _________Total receivables $300,000 100%

We help you get better grades, improve your productivity and get more fun out of college!!

Get 25% Discount on Your First Order








How it works – it’s easy


Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.


Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.



Achieve academic success with the best online tutors.