Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2010-2015
Pro Forma Balance Sheet for Ideko, 2010-2015

-With the proper changes it is believed that Ideko's credit policies will extend a 60 days credit period to accounts receivables. The forecasted accounts receivable for Ideko in 2012 is closest to ________.
A) $14,525
B) $16,970
C) $22,710
D) $19,690

Question

Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2010-2015
  Pro Forma Balance Sheet for Ideko, 2010-2015
 
-With the proper changes it is believed that Ideko's credit policies will extend a 60 days credit period to accounts receivables. The forecasted accounts receivable for Ideko in 2012 is closest to ________.
A) $14,525 
B) $16,970 
C) $22,710 
D) $19,690

Quizplus · Accepted Answer

B) Accounts receivable = 60 days × 11ea84dc_f4f4_b20c_9a63_57404a331ad8_TB1316_11_TB1316_11 60 days × $103,234 / 365 days = $16,970

Use the Tables for the Question(s) Below