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

question 42

Multiple Choice

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 2007 is closest to:

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

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Definitions:

Medium of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods and services between parties.

Negotiable

Capable of being discussed in order to reach an agreement or capable of being transferred by endorsement or delivery.

Specific Brand

A particular brand that is identified or specified, often distinguished by its unique name, logo, and product attributes.

Order Instrument

A financial document or tool that directs the payment of money, often used in transactions to specify the payer and payee.