Answer:
28.6 days
Explanation:
Avg Receivables= Beg Receivables + Ending Receivables /2
=65,800+73,000/2
=$138,800/2
=$69,400
Receivable turn over= Net Sales/ Avg Receivables
=884,000/69,400
=12.74
days to collect during year= 365/ Receivable turn over =365/12.7
=28.6 days
Answer:
$45,520
Explanation:
Given that
Sales budget = 3,600 units
Variable selling and administrative expense = $4.10
Fixed selling and administrative expenses = $35,860
Depreciation expenses = $5,100
The computation of selling and administrative expenses is shown below:-
= Variable selling and administrative expenses + (Fixed selling and administrative expenses - Depreciation expenses)
= (3,600 unit × $4.10) + ($35,860 - $5,100)
= $14,760 + $30,760
= $45,520
