Compute total receivables and expected bad debts as of, Finance Basics

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Compute total receivables and expected bad debts as of

Potter Stables uses the aging method to estimate its bad debts. Sherman Potter, the company president, has given you the following aging of accounts receivable as of December 31, 2009, along with the historical probabilities that the account balances will not be collected.

Compute total receivables and expected bad debts as of December 31, 2012.

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