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Firm X Enterprises expects to generate sales of $2,100,000 for fiscal 2016; sales were $2,250,000 in fiscal 2015. Rely upon the 2015 data provided below
Firm X Enterprises expects to generate sales of $2,100,000 for fiscal 2016; sales were $2,250,000 in fiscal 2015. Rely upon the 2015 data provided below and use the percent-of-sales method to forecastaccounts receivablefor the fiscal year ending 2016.
196,875 |
175,000 |
186,667 |
163,333 |
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