Which of the Following Refers to Having a Financial Score

question 49

Multiple Choice

Which of the following refers to having a financial score greater than 20?

• A) Excellent job of managing financial behaviors.
• B) Good job of managing financial behaviors.
• C) Acceptable job of managing financial behaviors.
• D) Some difficulty in managing financial behaviors.

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Definitions:

Bad Debt Accruals

Bad debt accruals are amounts set aside by a company to cover accounts receivable that are not expected to be collected because customers are unable to pay.

Ages Receivables

A method of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Gross Accounts Receivable Approach

A method to estimate the total amount of receivables, including both collected and still outstanding payments.

Unadjusted Year End

The conclusion of a fiscal year before any adjustments are made for accounting purposes, such as accruals or deferrals.