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Briefly explain the three general objectives of a financial manager.
Maturity Date
The specified date when the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.
Allowance Method
An accounting technique that estimates and accounts for bad debts expense, reducing accounts receivable by a predicted amount of uncollectible accounts.
Outstanding Receivables
Amounts due to a company for goods or services that have been delivered or sold but not yet paid by customers.
Allowance for Doubtful Accounts
A contra asset account that reflects the estimated amount of accounts receivable that may not be collectible.
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