Question: The following case study is associated with more than one question. It is now the beginning of Quarter 1 (Q.1). Imagine you are the finance

The following case study is associated with more than one question.

It is now the beginning of Quarter 1 (Q.1). Imagine you are the finance director for Chestnut. Trading Ltd and have just been presented with your teams credit sales forecast for the next five quarters.

REQUIRED:

Beginning accounts receivable in Chestnuts forecast balance sheet for Q.4 are forecast at:

53.9

101.1

105.5

107.8

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