Reference: 20_02
Julia's Candy Co. reports the following information from its sales account and sales budget:
Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale.
-If Julia's pays sales commission of 10% each month,in addition to monthly fixed costs of $4,000,what are selling expenses for the third quarter?
A) $32,000
B) $36,000
C) $40,000
D) $44,000
E) $48,000
Correct Answer:
Verified
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