Use the Tables for the Question(s) Below

question 32

Multiple Choice

Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2010-2015
Pro Forma Balance Sheet for Ideko, 2010-2015

-With the proper changes it is believed that Ideko's credit policies will extend a 60 days credit period to accounts receivables. The forecasted accounts receivable for Ideko in 2013 is closest to ________.

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

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Definitions:

Real Estate

Property consisting of land or buildings, and the legal rights associated with owning it.

Writing

The activity or skill of marking coherent words on paper and composing text.

Agreement

A mutual arrangement, contract, or understanding between two or more parties, usually legally binding.

Undisclosed Principal

A person who remains unknown to a third party while being represented by an agent in a transaction or agreement.