Green's financial statements show: Cash sales $100,000; Net credit sales $500,000; Accounts receivable beginning of the year (net) $40,000; Accounts receivable end of the year (net) $30,000; Uncollectible accounts expense $10,000; Merchandise inventory $25,000 beginning and $28,000 end of the year. Green's average collection period is: Select one: a. 25.6 days b. 21.3 days c. 19.4 days. d. 2.85 times Rachel Jones takes Fred Smith and her colleagues out to dinner to celebrate Fred Smith's promotion. They dined at Barney's Restaurant in Jacksonville and the dinner cost $2,000. Rachel pays Barney's Restaurant with her Visa Bank One Credit Card. The service fee that Bank One charges the restaurant is 3.5%. How does Barney's Restaurant record this sale? Select one: a. Dr. Accounts receivable $2,000; Cr. Sales revenue $2,000 b. Dr. Cash $1,930; Cr. Sales revenue $1,930 c. Dr. Cash $1,930; Dr. Service Charge Expense $70; Cr. Sales revenue $2,000 d. Dr. Cash $1,930; Dr. Service Charge Expense $60; Cr. Sales revenue $2,000 The accounts receivable turnover ratio helps management: Select one: a. Assess the effectiveness of the inventory policy b. Determine collection period c. Measure the number of times, on average, a company collects receivables during the period. d. Determine the amount of uncollectible accounts.