Max and Erin Drew a Slightly Different Picture of Stick

question 75

Multiple Choice

Max and Erin drew a slightly different picture of stick figures on each of 50 two by four inch pages in a notepad. When they rapidly flipped through them, _____ made it look like the stick figures themselves were moving.

• A)motion parallax
• B)relative size
• C)autokinetic illusion
• D)retinal disparity

Understand the implications of a note receivable being honoured or dishonoured.

Analyze the liquidity of a company through the receivables turnover ratio.

Recognize important considerations and steps in managing accounts receivable.

Understand the importance and roles of internal controls in a company's financial practices.

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Definitions:

Profit Margin

A financial metric expressed as a percentage that measures the amount of net income earned with each dollar of sales by comparing net income and net sales.

Net Income

The net income that a company earns, calculated by deducting all expenses and taxes from the total revenue.

Net Sales

The total revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.

Return on Total Assets

A financial ratio that measures a company's efficiency in generating profit from its assets, calculated by dividing net income by total assets.