Scenario 8-1. Dea's Drugstore is currently having cash-flow problems. As the bills come due, Dea is having more difficulty ensuring that there is sufficient cash to pay those bills. It is a relatively new problem for her business, and she is not sure what to do. The only changes that she is aware of are some new requirements in the way insurance companies are reimbursing their customers for prescription drugs. Overall, inventory in the store is moving as usual and expenses have not increased from last year.
-In Scenario 8-1, as Dea is glancing through her accounts receivables from her pharmacy customers, she notices that many accounts are over 90 days past due. A schedule that would show each customer's account, the amount they owe, and the amount that is past due is called a/an ______.
A) macro-aging schedule
B) past due account schedule
C) micro-aging schedule
D) accounts receivable schedule

Question

Quizplus · Accepted Answer

A micro-aging schedule is a detailed report that shows each customer's account, the total amount they owe, and how much of that amount is past due, often broken down by the length of time the invoice has been outstanding (e.g., 30, 60, 90 days). This would help Dea identify which accounts are overdue and by how much.