Question
Your company had sales of $110,989 this year and cost of goods sold of $74,806. The company's depreciation was 6,671, the Net Income was 15,162.
Your company had sales of $110,989 this year and cost of goods sold of $74,806. The company's depreciation was 6,671, the Net Income was 15,162. Cash was 24,547. Accounts Receivable was 11,581 and Inventory was 4,163
You forecast sales to increase to $144,951 next year.
Using the percent of sales method, forecast next years Accounts receivable?
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
