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Question 5 of 40 - /5.63 E View Policies Current Attempt in Progress Windsor Delight sells chocolate-dipped fruit to local restaurants. Windsor Delight delivered 50000
Question 5 of 40 - /5.63 E View Policies Current Attempt in Progress Windsor Delight sells chocolate-dipped fruit to local restaurants. Windsor Delight delivered 50000 chocolate dipped strawberries to customers in May and 44000 in June. Delivery costs for the two months were $1500 and $1320, respectively. Using these two months data, the delivery cost function is best estimated as $200 x number of strawberries) + $440 ($0.03 x number of strawberries) + $320. ($0.03 x number of strawberries) - $0. ($0.02 x number of strawberries) + $500. - /5.63 Question 40 of 40 View Policies Current Attempt in Progress Mark earned net income of $76320 and has fixed costs of $38160. Mark sold 11660 units for $30 each and has a 40% contribut margin ratio. What were Mark's operating income and tax rate? $286200:27% O $101760: 25% $127200; 40% $178080; 38% Attempts: 0 of 1 used Submit Answer Save for later -/5.63 View Policies Current Attempt in Progress The 2020 2021 and 2022 partial balance sheets for Oriole Manufacturing Company appear below. 2020 2021 2022 Current assets Cash Accounts receivable, net Inventory Total current assets Plant & equipment, net Total assets $36000 $ 32000 $ 30000 44000 36000 40000 38000 46000 44000 118000 114000 114000 78000 76000 56000 $196000 $190000 $170000 Net credit sales for Oriole were $142000 for 2020, $136000 for 2021 and $130000 for 2022, while cost of goods sold was $100000 for 2020, 598000 for 2021 and $88000 for 2022. What is the average collection period for 2022? 112 3 days 106.7 days 109.8 days 104.3 days
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