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In the summer, McClellan Art Studio shipped 50 paintings on consignment to Home Decor. The cost of each painting was $130. The cost of shipping
In the summer, McClellan Art Studio shipped 50 paintings on consignment to Home Decor. The cost of each painting was $130. The cost of shipping the paintings was $300 and was paid for by McClellan Art Studio. On New Year's Eve, the consignee reported the sale of 42 paintings at $315 each. The consignee remitted payment for the amount due after deducting an 8% commission, advertising expense of $250, and setup costs of $175. How much cash should McClellan Art Studio receive? $11,746.60 O $12,805.00 O $12,171.60 O $13,230.00
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