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Calculate the value of debtors forecast

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Reference no: EM133065124

Question - You have recently joined a retailer of customised chairs as a management accountant. One of your tasks is to calculate the 2021 working capital components.

You have been provided with the following information to support your calculations:

Actual information for the year ending 31 December 2020 $

Sales (all credit sales) 12,300,000

COGS 7,380,000

Debtors 1,450,000

Forecast information for the year ending 31 December 2021

Sales (all credit sales) $12,450,000

Gross margin 40%

Debtors collection days 65

Based on the information provided, calculate the value of debtors forecast for 31 December 2021.

A. $2,984,000

B. $1,450,000

C. $768,000

D. $2,931,000

Reference no: EM133065124

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