Forecast the accounts receivable for Bing Inc using the following annual information. Receivable days assumption = 55 days Payable days assumption = 69 days Forecasted revenue = $263,500 Forecasted cost of goods sold = $114,780

Forecast the accounts receivable for Bing Inc using the following annual information. Receivable days assumption = 55 days Payable days assumption = 69 days Forecasted revenue = $263,500 Forecasted cost of goods sold = $114,780

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter18: The Management Of Accounts Receivable And Inventories

Section: Chapter Questions

Problem 9P

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Question

Forecast the accounts receivable for Bing Inc using the following annual information.

Receivable days assumption = 55 days
Payable days assumption = 69 days
Forecasted revenue = $263,500
Forecasted cost of goods sold = $114,780

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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