Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to...

question: how much is the forcasted accounts receivable for 2015 is expected to be

Extracted text: Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar) Given forecasted sales of 2015 $6,500 b The tax rate will be 40% In 2015 The company expected to distribute dividends of $750 in 2015 a- C- d- The interest rate on all interest-bearing loane will be 5% annually in 2015, e- The company is not intending to make changes to its fixed assets 1- The forecasted cost of goods sold for 2015 is expected to be.


Extracted text: 2014 2013 Lease expen se 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Additional pald in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 350.00 270.00 Land Accounts Payable 380.00 300.00 Notes payable 44.00 25.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods so ld 3,300.00 2,550.00 Fixed expenses 100.00 100.00 Interest expense 130.00 110.00 121.00 80.00 Cash Accounts receivable 370.00 347.00 925.00 752.00 Inventory 758.00 723.00 Retained earnings 35% 35% Tax rate