Which of the following relates to a minimum expectation?
a. recognition for good performance
b. the right to a safe workplace
c. a sense of achievement from doing a job well
d. additional compensation for exceptional performance
b
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Use the "percent of sales method" of preparing pro forma financial statements to determine the
projection for next year's accounts receivable. Make the following assumptions: current year's sales are $45,450,000; current year's cost of goods sold is $26,950,000; sales are expected to rise by 20%. The firm's investment in accounts receivable in the current year is $8,600,000. The firm's marginal tax rate is 35%. What is the projection for next year's accounts receivable? A) $8,772,000 B) $10,320,000 C) $9,575,000 D) $11,345,000