Match the Following Terms with the Explanations Below (1) a Means of Accounting for Uncollectibles Which Does Not

question 158

Short Answer

Match the following terms with the explanations below. If no term fits the explanation write none
$$\begin{array} { | l | l | l | } \hline \text { Accounts Receivable Turnover Rate } & & \text { Financial Assets } \\\hline \text { Allowance for Impairment } & & \text { Irvestments in Securities } \\\hline \text { Cash Equivalents } & & \text { Mark-to-Market } \\\hline \text { Direct Write Off Method } & & \text { Gain on Fair Value Charnes } \\\hline\end{array}$$ (1) A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
(2) An account showing the amount of estimated uncollectible receivables.
(3) The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
(4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
(5) Very short-term liquid investments which must mature within 90 days of acquisition.
(6) Cash and assets convertible directly into known amounts of cash.
(7) An account showing the difference between the cost of an investment in securities and its market value.
(8) The value of a note at its maturity date.
(9) Highly liquid investments that can be sold in organized securities exchanges.

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Definitions:

Stress Hormones

Chemicals released in the body in response to stress, such as cortisol and adrenaline, which prepare the body to face a threat or flee to safety.

Long-Term Potentiation

An enduring improvement in communication strength between two neurons due to their simultaneous stimulation.

Firing Potential

The electrical charge difference that triggers a neuron to release chemical signals to communicate with other neurons or muscles; also known as action potential.

Neuron

A nerve cell; the basic building block of the nervous system.