Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $ 615,000 Cost of goods sold 450,000 Salaries 110,000 ($25,800 is indirect) Utilities 15,200 ($5,800 is indirect) Depreciation 54,400 ($17,800 is indirect) Office expenses 26,000 (all indirect) 1. Prepare a departmental income statement for 2019. 2.

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments. a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b