Use the Tables for the Question(s)below

question 27

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 allow for an account receivables days of 60.The forecasted accounts receivable for Ideko in 2012 is closest to:

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

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Definitions:

Supplies

Materials and items used in the daily operations of a business that do not directly become part of the final product.

Flexible Budget

A budget that modifies based on fluctuations in activity levels or volume.

Output

The quantity of goods or services produced in a given time period by a company, individual, or machine.

Budgeting

The process of creating a plan to spend your money, outlining anticipated income and expenses for a future period.