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Forecast the accounts receivable for Company XYZ 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

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21,698

17,296

39,705

49,812

pur-new-sol

Answer:

Receivable days = No. of days for which the credit sales is outstanding before collection.

Receiables Days	55	Days
Forecasted Revenue	263500
Days in Year	365
Forecasted Receivables = (Receiables *Forecasted Revenue )/365	39705

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