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:

"Big Man"

A term used in anthropology to describe a leader or highly influential individual in a tribe or community, especially in Melanesian and Polynesian societies.

Authority

Claiming and exercising power as justified by law or custom of tradition.

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or command, often based on law, custom, or consent.

Chiefdoms

Socio-political organizations in which authority is centralized in a single leader who wields economic, political, and ceremonial control, often hereditary.