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

question 44

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 2016 is closest to:

• A)$14,525
• B)$16,970
• C)$22,710
• D)$19,690
• E)$23,548

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

Bottling Machine

Equipment used for filling bottles with liquid products, such as water, soda, or beer, and sealing them for distribution.

Normal Model

A type of statistical distribution, also known as the Gaussian distribution, characterized by a symmetric bell-shaped curve.

Membership Charges

Fees incurred for being part of an organization, club, or service, granting the member access to certain benefits, resources, or facilities.