59. The following information is available for Karen Company at December 31, 2018: beginning net accounts receivable $100,000; ending net accounts receivable $90,000; cost of goods sold $1,500,000; net credit sales $1,733,750. What is Karens average collection period for accounts receivable in days?

Select one:

a. 18 days

b. 20 days

c. 23 days

d. 37 days

60. The retailer considers Visa or Master credit card sales as

Select one:

a. cash sales.

b. promissory sales.

c. credit sales.

d. contingent sales.