With the Proper Changes It Is Believed That Ideko's Credit

question 65

Essay

With the proper changes it is believed that Ideko's credit policies will allow for an account receivables days of 60.The forecasted accounts receivable for Ideko in 2016 is closest to:
A)$14,525
B)$19,690
C)$22,710
D)$16,970
E)$24,560

• A)$14,525
• B)$19,690
• C)$22,710
• D)$16,970
• E)$24,560

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Definitions:

Industry Entry

The process by which new competitors join an existing market, often leading to increased competition.

Profit Circumstances

Conditions or situations that influence the profitability of a business or investment.

Monopolistically Competitive

A market structure where many companies sell products that are similar but not identical, allowing for significant influence over pricing.

Short-Run Equilibrium

A state in the economic short term where demand equals supply, and there are no external forces prompting change.