After making all your forecasts for next year, you are left with accounts payable that will...

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After making all your forecasts for next year, you are left with accounts payable that will be $10,000 higher than this year. Which implication does this have for the next year? -Your sales must increase by $10,000 over your forecast -Your retained earnings will be reduced by $10,000 -You will need an additional $10,000 in Paid-In-Capital -Your payables have been incorrectly forecasted After making all your forecasts for next year, you are left with accounts payable that will be $10,000 higher than this year. Which implication does this have for the next year? -Your sales must increase by $10,000 over your forecast -Your retained earnings will be reduced by $10,000 -You will need an additional $10,000 in Paid-In-Capital -Your payables have been incorrectly forecasted

Answer rating: 100% (QA)

The option d Your payables have been incorrectly forec... View the full answer