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A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expense totaled $54,000 for the year,

A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expense totaled $54,000 for the year, and departmental sales were as follows. Allocate advertising expense to Department T based on departmental sales. (Do not round your intermediate calculations.)

Department S $ 110,000
Department T 219,450
Department U 143,050
Total $ 472,500

Multiple Choice

  • $14,000.

  • $54,000.

  • $11,000.

  • $25,080.

  • $16,667.

    Using the information below, compute the cash conversion cycle:

    Days sales in accounts receivable 44 days
    Days sales in inventory 61 days
    Days payable outstanding 54 days

    Multiple Choice

  • 21 days.

  • 114 days.

  • 51 days.

  • 65 days.

  • 69 days.

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