Match the Following Terms with Their Definitions

question 74

Multiple Choice

Match the following terms with their definitions.
-Accounts payable

• 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

---

Definitions:

Early Majority

A segment of the population that adopts new products or innovations after the innovators and early adopters have done so, representing a significant portion of the market.

Diffusion of Innovation

The process by which a new idea, product, or behavior spreads through populations and cultures over time.

Innovators

Early adopters of new technologies or products, typically willing to take risks on newer offerings before the majority.

Personal Computers

Electronic devices designed for individual use, capable of performing a wide range of tasks, from word processing and web browsing to complex data analysis.