Use the Tables for the Question(s)below

question 76

Multiple Choice

Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2013-2018
Pro Forma Assets & Liabilities for Ideko, 2013-2018

-With the proper changes it is believed that Ideko's credit policies will allow for an accounts receivable days of 60. The forecasted accounts receivable for Ideko in 2016 is closest to:

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

Understand the socialization process and stages in organizational contexts.

Recognize the effectiveness and purpose of realistic job previews in socialization.

Differentiate between individualized socialization and institutionalized socialization.

Comprehend the functions and outcomes of mentoring, including career and psychosocial supports.

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Definitions:

Cash Receipts

The collection of money, including coins, currency, checks, and electronic fund transfers, received by a business.

Cash Payments

The act of settling debts, purchasing goods, or services by transferring physical currency or through electronic means as opposed to using credit.

Voucher Register

A journal or ledger used to record vouchers and their corresponding financial transactions in the accounting cycle.

General Journal

A primary accounting record where financial transactions are entered before being posted to specific accounts in the general ledger.