7.

Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as outstanding accounts receivable if Company Z has a total sale of $1,800,000 of which $200,000 are cash sales and the beginning and ending accounts receivable balances are $30,000 and $50,000, respectively.

A) 11.40 days

B) 9.13 days

C) 6.84 days

D) 8.11 days

8.

Mr. D recently manufactured a product that will be introduced to the market next year. The unit cost is $210. Mr. D wishes to achieve a margin of 25% based on sales. How much would Mr. D sell the product for?

A) $262.50

B) $280.00

C) $367.50

D) $250.00

Show your workings please.

I need answer with clear explanation then i will give you thumbs up in return. Direct answer will have thumbs down from me.

Only attempt when you know the right solution. These are really important for me.