QUESTION 13 The average collection period measures A. how long it takes a company to collect its receivables. OB. how many times a year the company completely sells out its inventory. C. how well a company uses its assets to create profits. D. the ability of a company to turn sales into receivables. E. the percentage the company is earning for its shareholders. 6.25 QUESTION 14 Which of the following changes describes the payment of $10,000 on the principal of a long-term note payable? A. Assets and liabilities decrease by $10,000 B. No changes in total assets. liabilities, nor owners' equity OC. Assets and owners' equity increase by $10,000 OD. Assets and owners' equity decrease by $10.000 E. Assets and liabilities increase by $10,000 QUESTION 20 On July 10. Sara's Company made a $10.000 credit sale under the terms 2/10. n/30. If Sara receives full payment of the account on July 29. the amount of cash received is: O A $9.990 OB. $ 9.000 O C. $10,000 OD. $10.200 E. $9,800