This question's due date has already passed. You may post a tutorial, but there's no guarantee that the original asker will purchase the tutorial. But other people might!

Question

$1.00 Principles Of finance

  • From Business: Finance
  • Closed, but you can still post tutorials
  • Due on Oct. 14, 2009
  • Asked on Oct 11, 2009 at 1:18:48PM
Asked by :
myshadows
myshadows
Rating :No Rating
Questions Asked: 58
Tutorials Posted: 0
 
 
Q:

Use the percent of sales method to forcast next year's accounts payable. Current year sales are $24,500,000 and sales are expected to rise by 25%. The firm's accounts payable balance is $1,701,600. What is the projection for next year's accounts payable?

a. $1,000,600

b. $2,127,000

c. $3,981,250

d. $6,125,000

 

Available Tutorials to this Question
 
$1.00
all done
  • This tutorial hasn't been purchased yet.
  • Posted on Oct 11, 2009 at 2:16:27PM
Posted by :
MathWizzKid
MathWizzKid
Rating (1551):A+
Questions Asked: 38
Tutorials Posted: 3033,
Earned: $47,358.40
 
A:
Preview: ... by 25%. The firm's accounts payable balance is $1,70 ...
The full tutorial is about 42 words long .
 
$1.00
answer with explanation
  • This tutorial hasn't been purchased yet.
  • Posted on Oct 11, 2009 at 8:11:37PM
Posted by :
flashhelp
flashhelp
Rating (87):A-
Questions Asked: 18
Tutorials Posted: 298,
Earned: $1,702.87
 
A:
Preview: ... ected to rise by 25%. The firm's accounts payable balance is ...
The full tutorial is about 45 words long .