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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
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$14,000.
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$54,000.
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$11,000.
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$25,080.
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$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
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21 days.
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114 days.
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51 days.
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65 days.
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69 days.
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