Robin's Nest Had Net Credit Sales for the Current Period

question 14

Multiple Choice

Robin's Nest had net credit sales for the current period of $580,000 and average net receivables were $45,000.What is Robin's Nest's average daily sales? (Use a 365-day year for your calculations.Round your final answer to the nearest dollar. )

• A)$13
• B)$28
• C)$123
• D)$1,589

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Definitions:

Snow-Day

A day on which work or school is cancelled due to heavy snowfall or extreme winter weather conditions.

Planning Budget

A budget designed for a specific level of activity, used as a tool for planning and controlling costs.

Wages And Salaries

Payments made to employees for their labor or services, either hourly (wages) or fixed over a time period (salaries).

Spending Variance

The difference between the actual amount of cost incurred and the budgeted or expected amount of cost.