Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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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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Transcribed Image Text: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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