After making all your forecasts for next year, you are left with accounts payable that will be $10,000 higher than this year. Which implication does
After making all your forecasts for next year, you are left with accounts payable that will be $10,000 higher than this year. Which implication does this have for the next year?
-Your sales must increase by $10,000 over your forecast
-Your retained earnings will be reduced by $10,000
-You will need an additional $10,000 in Paid-In-Capital
-Your payables have been incorrectly forecasted
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Authors: Francois Longin
1st Edition
1118650190, 978-1118650196
