The Use of Arsenic Compound Salvarsan as a Treatment for Syphilis

question 52

Multiple Choice

The use of arsenic compound Salvarsan as a treatment for syphilis is credited to

• A)Fleming.
• B)Ehrlich.
• C)Waksman.
• D)Chain.

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Definitions:

Bad Debts

Receivables from accounts deemed not collectable, which constitute financial losses for the business.

Accounts Receivable Turnover

A financial ratio that measures how many times a company collects its average accounts receivable balance within a specific period.

Net Sales

The net sales revenue of a company, calculated after deducting returns, allowances for damage or loss, and any discounts.

Allowance Method

The allowance method is an accounting approach that estimates and reports bad debts as an expense and accounts for receivables that are not expected to be collected.