Match the Term and the Explanation

question 79

Multiple Choice

Match the term and the explanation.Not all explanations will be used.

-Gross accounts receivable

• A)The time at which a loan must be repaid.
• B)A financial statement that shows the calculation of bad debt expense for a company.
• C)Total money owed the company for sales made on credit.
• D)Net credit sales revenue divided by the net income.
• E)An agreement by a borrower to repay the lending company with interest during a specified time period.
• F)Time at which a borrower must make annual interest payments.
• G)Contra-asset account.
• H)The days of the year divided by the receivables turnover ratio.
• I)The portion of accounts receivable that the company expects to collect.
• J)An account that is debited for the amount of credit sales estimated as uncollectible.
• K)Net credit sales revenue divided by the average net accounts receivable.
• L)Accounts receivable after cost of goods sold and taxes.
• M)The last date a good can be sold for the full price.
• N)The days of the year divided by the net sales revenue.
• O)Part of the Notes to Financial Statements that should include information on how a company accounts for doubtful accounts receivable.

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Definitions:

Phallic Stage

A phase in Freudian psychosexual development during which a child's focus of libido is concentrated in the genital area.

Defense Mechanisms

Unconscious psychological strategies used to cope with reality and maintain self-image by reducing feelings of anxiety, guilt, or conflicts.

Freud

Sigmund Freud was an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting concerns about future events.