Question
18. Suppose a company's total store count at the end of years 1, 2, and 3 were 8210, 8531, and 8592 respectively. Also suppose that
18.
Suppose a company's total store count at the end of years 1, 2, and 3 were 8210, 8531, and 8592 respectively. Also suppose that the accounts payable had a balance of $31,030 at the end of year 1, $31,451 at the end of year 2, and $32,632 at the end of year 3. If the company adds 72 new stores in year 4 and 70 new stores in year 5, calculate the forecasted accounts payable balance at the end of year 5. Assume the same accounts payable balance per store in all future years as that in year 3 calculated using the year-end balances. Note that year 3 is the latest year with reported results, while years 4 onwards are all forecasted years.
Question 18 options:
| $31,513 |
| $32,342 |
| $33,171 |
| $34,001 |
| $34,830 |
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