The Villas Corporation's Annual Sales All on Credit)totaled $540,000 in 2016.The

question 27

Multiple Choice

The Villas Corporation's annual sales all on credit) totaled $540,000 in 2016.The company's accounts receivable turnover ratio was 5.Villas' average accounts receivable collection period and year end accounts receivable balance respectively were:

• A)365 days and $108,000.
• B)73 days and $120,000
• C)73 days and $108,000
• D)81 days and $108,000

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Definitions:

Perceptual Adaptation

The ability of the body to adjust to an environment by filtering out distractions.

Ponzo Illusion

A visual illusion where parallel lines seem to converge, affecting the perceived size of objects within those lines.

ESP

Extrasensory perception, a claimed ability to gain information through means other than the known human senses.

Fraudulent

Acts intentionally deceptive made for personal gain or to harm another individual.