Match the Term and Its Definition

question 16

Multiple Choice

Match the term and its definition.There are more definitions than terms.
-Promissory Note

• A)The portion of Accounts Receivable that the company expects to collect.
• B)The time at which a loan must be repaid.
• C)An agreement by a borrower to repay the lending company with interest during a specified time period.
• D)The days of the year divided by the net sales revenue.
• E)A financial statement that shows the calculation of Bad Debt Expense for a company.
• F)Total money owed the company for sales made on credit.
• G)An account that is debited for the amount of credit sales estimated as uncollectible.
• H)A contra-asset account.
• I)The time at which a borrower must make annual interest payments.
• J)Net credit sales revenue divided by the average net receivables.
• K)Net credit sales revenue divided by the net income.
• L)The days of the year divided by the receivables turnover ratio.

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Definitions:

Market Share

The segment of a market held by a certain company or product.

Market Growth

An increase in the demand for a particular product or service over time, which can be influenced by factors like changes in consumer preference, population growth, and technological advancement.

BCG Matrix

A strategic business tool developed by the Boston Consulting Group that uses market growth rate and market share to evaluate the relative performance of products or business units.

Market Leaders

Market leaders are companies that hold the largest market share in a particular industry or category, often setting trends, pricing standards, and competitive benchmarks.