Match Each Item with a Statement Below

question 29

Short Answer

Match each item with a statement below.
a.posttest
f.loop exit condition
b.looping condition
g.index
c.update read
h.pretest
d.repetition
i.String Collection Editor window
e.collection
-A unique number identifying each item in a list box's Items collection.

Understand the allowance method for accounting for uncollectible accounts.

Recognize the effects of estimating bad debt expenses on financial statements.

Understand the direct write-off method for uncollectible accounts.

Determine the necessary adjustments for allowance for doubtful accounts.

---

Definitions:

Amortization

The process of gradually paying off debt over a period of time through scheduled, pre-determined payments.

Gross Margin

The gross margin refers to the difference between the revenue generated from sales and the cost of goods sold, usually expressed as a percentage of revenue.

Operating Statement

A financial document that provides a summary of a company's revenues, expenses, and profit or loss over a specific period.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.