Use the Tables for the Question(s)below

question 6

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 2015 is closest to:

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

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Definitions:

Units Started

This term measures the quantity of production units a manufacturing process initiates in a given period, marking the beginning stages of the production cycle.

Conversion Costs

Costs incurred to convert raw materials into finished products, usually comprising direct labor and manufacturing overhead.

Total Materials Costs

The total expense incurred for materials used in the production of goods, including direct and indirect materials.

Equivalent Units

A concept in costing that converts partially completed goods into a number of completed units, facilitating cost calculation.