Forecast the accounts receivable for Company XYZ using the following annual information. Receivable days assumption Payable days assumption Forecasted revenue 55 days 69 days $263,500 Forecasted cost of goods sold $114,780 a. 17,296 b. 49,812 c. 39,705 d. 21,698

Forecast the accounts receivable for Company XYZ using the following annual information. Receivable days assumption Payable days assumption Forecasted revenue 55 days 69 days $263,500 Forecasted cost of goods sold $114,780 a. 17,296 b. 49,812 c. 39,705 d. 21,698

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Hi expart Provide correct solution

Forecast the accounts receivable for Company
XYZ using the following annual information.
Receivable days assumption
Payable days assumption
Forecasted revenue
55 days
69 days
$263,500
Forecasted cost of goods sold $114,780
a. 17,296
b. 49,812
c. 39,705
d. 21,698

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