Match the Term and Its Definition

question 129

Multiple Choice

Match the term and its definition.There are more definitions than terms.
-Average Net Receivables

• A)The total amount of money loaned through notes that the lender has not yet collected.
• B)A system used by companies to allocate their budgets over the different operating expenses.
• C)The interest that a company receives during the year divided by the principal of the loan.
• D)Another name for a company's total revenue,which is calculated by multiplying the quantity sold by the average price.
• E)The denominator of the receivables turnover ratio.
• F)The amount of interest a lender receives during a year.
• G)The costs of maintaining accounts with customers who have not made recent purchases.
• H)A separate record for each accounts receivable customer.
• I)Used by the percentage of credit sales method to estimate bad debts.
• J)The rate at which a company pays off its liabilities or debts.
• K)The numerator of the receivables turnover ratio.
• L)The portion of past credit sales that have not yet been collected.
• M)An accounting method which involves estimating bad debts.
• N)The average level of net sales revenue the firm earns each month.

Understand the operation of merchandisers and retailers and the role of inventory in their financial transactions.

Grasp the implications and application of credit terms in sales transactions.

Identify the accounting treatment for sales tax payable and the importance of sales tax in financial transactions.

Understand the procedures for handling and recording merchandise returns from customers.

---

Definitions:

Cellulose

Cellulose is an organic compound and a polysaccharide consisting of a linear chain of several hundred to many thousands of β(1→4) linked D-glucose units, primarily found in the cell walls of plants.

Hydrogen Bonding

Hydrogen bonding is a type of weak chemical bond that occurs when a hydrogen atom that is covalently bonded to a highly electronegative atom, such as oxygen or nitrogen, experiences attraction to another electronegative atom.

Secondary Structure

The secondary structure of proteins involves the local folding or coiling of the peptide chain into structures such as alpha-helices and beta-sheets, primarily stabilized by hydrogen bonds.

Alpha-Helical

Pertaining to the alpha-helix structure, a type of secondary structure of proteins, characterized by a right-handed coil.