Match the Following Definitions with Their Appropriate Terms

question 180

Multiple Choice

Match the following definitions with their appropriate terms .
-Number of days' sales in receivables

• A)A liability resulting from the signing of a
• B)A measure of how long it takes to collect receivables. promissory note.
• C)A written promise to repay a definite sum of
• D)The length of time a note is outstanding, that is, the money on demand or at a fixed or determinable period of time between the date it is issued and the date date in the future. it matures.
• E)The party that will receive the money from a
• F)The process of selling a promissory note. promissory note at some future date.
• G)The date the promissory note is due.
• H)The amount of cash the maker is to pay the payee on the maturity date of the note.
• I)The difference between the principal amount of
• J)An asset resulting from the acceptance of a promissory the note and its maturity value. note from another company.
• K)Securities issued by corporations and
• L)Securities issued by corporations as a form of ownership governmental bodies as a form of borrowing. in the business.
• M)The party that agrees to repay the money for a
• N)The amount of cash received, or the fair value of the promissory note at some future date. products or services received, by the maker when a promissory note is issued.