Match the Following Terms with the Explanations Below

question 4

Essay

Match the following terms with the explanations below.If no term fits the explanation write none _________ (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 marketable 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:

U.S. States

U.S. States are the fifty administrative divisions of the United States, each with its own government and jurisdiction under the federal system.

Infant Mortality Rate

The rate at which babies under one year old die, often calculated per 1,000 live births.

United States

A country in North America consisting of 50 states and a federal district, known for its large economy and diverse population.

Fairly High

A relative measure indicating a level or amount that is somewhat above average or normal.