Maple Leaf Co. wants to forecast its accounts receivable using the following annual data: Receivable days assumption: 60 days . Payable days assumption: 75 days . • Forecasted revenue: $350,000 Forecasted cost of goods sold (COGS): $150,000 What is the forecasted accounts receivable? a. $28,767 b. $57,534 c. $41,096 d. $31,507

Maple Leaf Co. wants to forecast its accounts receivable using the following annual data: Receivable days assumption: 60 days . Payable days assumption: 75 days . • Forecasted revenue: $350,000 Forecasted cost of goods sold (COGS): $150,000 What is the forecasted accounts receivable? a. $28,767 b. $57,534 c. $41,096 d. $31,507

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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