Match Each Statement to the Item Listed Below

question 145

Short Answer

Match each statement to the item listed below
a.Bad debt expense
d.Percentage of credit sales
b.Net sales revenue
e.Profitability ratios
c.Nontrade receivables
f.Trade receivables
-The amount of sales expected to be collectible after deducting discounts and returns and allowances.

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Definitions:

External Environment

Encompasses all outside factors and influences that impact the operation and success of a business, including economic, legal, political, and social conditions.

Regulations

Rules or directives made and maintained by an authority to regulate behavior, typically in the context of industries or public services.

Legal Factors

Elements within the regulatory environment that affect businesses, including laws, regulations, and legal systems.

Nonprofit Firms

Organizations that operate for purposes other than making a profit, often focusing on social, charitable, or community-oriented goals.