In constructing a pro forma balance sheet a manager can estimate the accounts receivable because:
A) managers typically construct a pro forma income statement prior to the balance sheet. Thus, an estimate of sales has already been made and this is critical to estimating accounts receivable.
B) if the firm has already made an estimate of expected sales, then it can also estimate average daily sales.
C) if the firm maintains similar credit standards it can use the current average age of accounts receivable to help estimate the anticipated average age of accounts receivable
D) if the firm has each piece of information as stated above THEN they can estimate accounts receivable for the pro forma balance sheet..
D
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Integrative mechanisms that aid group problem solving, information sharing, and cooperation across business functions are all necessary for
A. computer-integrated manufacturing. B. time-based competition. C. total quality management. D. customer relationship management. E. high-involvement organizations.
The United States
a. has used antidumping laws sparingly to protect domestic producers. b. has never used antidumping laws to protect domestic producers. c. has targeted antidumping action against Canada only so far. d. has been a heavy user of antidumping laws to protect domestic producers.
Children who are born or adopted after a will has been executed are called:
A. pretermitted children. B. presumptive heirs. C. nuncupative heirs. D. illegitimate children.
One application of accrual accounting is adjusting the accounts
Indicate whether the statement is true or false