Which of the Following Applies to the Financial Report That

Which of the following terms applies to the accounting system in which outstanding accounts such as office expenses and services are paid for? A) Collections B) Cost C) Accounts receivable D) Accounts payable

Total monthly receipts are $50,000 and total monthly charges are $60,000 for the same month.Which of the following percents is the collection ratio? A) 95% B) 87% C) 83% D) 120%