The Primary Function of a Trade Association Is To

question 1

Short Answer

The primary function of a trade association is to:
• further a particular profession
• promote the industry through PR activities
• further develop their faith
• provide continuing education opportunities to its members

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Definitions:

Historical Relationships

The examination of past relationships among financial variables and their trends over time, used in forecasting and financial analysis.

Actual Bad Debts

Debts that have been specifically identified as uncollectible, following efforts to collect and evidence that repayment is unlikely.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.

Sales

The total revenue earned from the sale of goods or services by a company during a specified period.