From: Hunt Compton (hcompto@linfield.edu)
Date: Wed Jul 25 2001 - 11:37:26 EDT
Janice:
We use the following percentages suggested by our auditors.
Enrolled students past due less than 90 Days 3.50%
Enrolled students past due over 90 Days 30.00%
Not enrolled past due less than 90 Days q 25.00%
Not enrolled past due over 90 Days 30.00%
Those in collection 30.00%
I guess our auditors are "Respectable".
Hunt
--On Wednesday, July 25, 2001 8:15 AM -0400 Janice Tiffany
<tiffany@graceland.edu> wrote:
>Last week, people answered their percentage of outstanding receivables at
>yearend compared to fiscal year revenues.
>
>What is a respectable Bad Debt Allowance level for student receivable
>balances?
>
>Janice
>
>Janice Tiffany
>Director of Accounting Services
>Graceland University
>641-784-5131
>641-784-5411 FAX
>tiffany@graceland.edu
Hunt M. Compton Phone 503-434-2455
Staff Accountant Fax 503-434-2630
Linfield College email hcompto@linfield.edu
900 SE Baker WWW: http://www.linfield.edu/
McMinnville, OR 97128
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