You are the newly-appointed credit controller of Mohinder Benton Limited, which produces a summary age analysis of its outstanding trade receivables at each month-end. The company allows 30 days...

You are the newly-appointed credit controller of Mohinder Benton Limited, which produces a summary age analysis of its outstanding trade receivables at each month-end. The company allows 30 days credit. The summary for April 2012 shows the following information:

In addition, the following information is available:

1 In total at the end of April 2012 123 customers owed the company money. Of the 123, 14 had been permitted to exceed their credit limits, and a further 26 had reached their credit limits.

2 In the company’s financial year ended 31 December 2011, the company had written off £36 650 of outstanding receivables.

3 Sixteen customers are currently in dispute with Mohinder Benton Limited because of disagreements about faulty goods, incorrect deliveries and failure to correctly record amounts received.

Required: write a report analyzing the information given above.