For Each of the Following Sentences, Select the Pronoun That

question 2

Multiple Choice

For each of the following sentences, select the pronoun that is consistent in person with the antecedent. Those moving companies give _______________ customers a 10 percent discount.

• A) their
• B) its

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Definitions:

Terms N/30

Payment terms indicating that an invoice must be paid within 30 days of the invoice date.

Allowance Method

An accounting technique used to account for bad debts, estimating and setting aside a portion of accounts receivable that may not be collectible.

Percent of Sales Method

A financial forecasting model that estimates future elements of a financial statement as a percentage of sales.

Percent of Receivables Method

This is an accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of total receivables.