Match the Following Terms with Their Definitions

question 61

Multiple Choice

Match the following terms with their definitions.
-Accounts receivable

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Marketers

Professionals responsible for promoting, selling, and distributing a product or service, including market research and advertising to reach potential consumers.

Social Influence

The effect that the words, actions, or mere presence of other people have on an individual’s thoughts, feelings, attitudes, or behaviors.

PGA Professionals

Licensed professionals affiliated with the Professional Golfers' Association, specialized in teaching golf and managing golf operations.

LPGA Professionals

Members of the Ladies Professional Golf Association, recognized for their skills, teaching, and contributions to the sport of women's golf.