Question
Lexi is the CFO of Thompson Course Design Inc. Lexi has been asked by her CEO What is the balance in accounts receivable at year-end?
Lexi is the CFO of Thompson Course Design Inc. Lexi has been asked by her CEO What is the balance in accounts receivable at year-end? TCDI has an average collection period of 60 days. Total credit sales for the year were $3,000,000.
Select one:
A. $50,000
B. $80,000
C. $100,000
D. $500,000
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Forecasting And Predictive Analytics With Forecast X
Authors: Barry Keating, J. Holton Wilson, John Solutions Inc.
7th International Edition
1260085236, 9781260085235
