Answered

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What is a question that should be asked about accounts receivable when forecasting?A. What is the lead time needed to replenish goods?B. Are we taking on too much debt?C. What percentage of sales will likely be made on credit?D. What do we anticipate owing to our suppliers?

Sagot :

Answer:

C. What percentage of sales will likely be made on credit?

Explanation:

Accounts receivable are defined as the claims of payment that can be legally enforceable which is held by any business for the supply of goods or the services that are rendered that the customers have utilized or ordered but not paid for it. It is the balance of the money which is due to the organization for the goods or the services taken.

So when forecasting about the accounts receivable, one question we need to ask is -- "What percentage of sales will likely be made on credit?"

When the cash is received by the debtor, and the transaction is recorded, the accounts receivable are credited and the cash is debited.

The question that should be asked related to the account receivable at the time of forecasting is option C

C. What percentage of sales will likely be made on credit?

The following information should be considered;

  • Accounts receivable refer to the the claims of payment that can be legally enforceable which is held by any business for the supply of goods or the services that are rendered that the customers have utilized or ordered but not paid for it.
  • It is the balance of the money which is due to the organization for the goods or the services taken.
  • So when forecasting about the accounts receivable, one question we need to ask is -- "What percentage of sales will likely be made on credit?"

Learn more: brainly.com/question/16911495

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