Match the Items Below by Entering the Appropriate Code Letter

question 187

Essay

Match the items below by entering the appropriate code letter in the space provided.
A. Aging of receivables F. Percentage of receivables basis
B. Direct write-off method G. Factoring
C. Promissory note H. Dishonored note
D. Trade receivables I. Average collection period
E. Percentage of sales basis J. Credit card sales
1. A written promise to pay a specified amount on demand or at a definite time.
2. Sales that involve the customer, the retailer, and the credit card issuer.
3. Emphasizes the matching of costs and revenues in the same period.
4. Amounts owed by customers from the sale of goods and services.
5. A note which is not paid in full at maturity.
6. Analysis of customer account balances by length of time they have been unpaid.
7. Emphasizes expected cash realizable value of accounts receivable.
8. Generally not acceptable for financial reporting purposes.
9. The amount of time that a receivable is outstanding.
10. Sale of accounts receivable to a factor.

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Definitions:

Interactive Justice

The perceived fairness of personal treatment and interpersonal interactions within organizational or societal contexts.

Systemic Justice

The concept of achieving fairness and equality within the systems and structures of society, addressing systemic biases and inequalities.

Communal-sharing Relationship

A type of relationship where members of a group share resources and responsibilities equally, without regards to individual input.

Future Interaction

The anticipated exchange or engagement between parties in the time ahead.