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The size of the receivables increases or decreases depending on the activity or event that has transpired in the __________.

The level of accounts receivable depends on the length of the term _________.

Firms with customers who prolong payments are expected to have a higher level of __________.

Firms with a lenient collection policy have higher levels of __________ than firms with a stricter collection policy.

Accounts receivable must be properly handled to efficiently achieve the firm’s goal of maximizing its stockholder’s ________.

Receivables represent the amount of money to be collected from individuals or firms arising from the sales of merchandise or the performance of services, and granting of loans to officers, employees, and ______.

Trade receivables arise from the sale of merchandise or services in the ordinary course of business transactions. The usual types are accounts receivable and notes ______.

Accounts receivable are open accounts or those not supported by promissory notes. Other names for accounts receivable are customer’s accounts, trade debtors, and trade accounts ______.

Notes receivable are those supported by formal promises to pay in the form of ______.

Non-trade receivables represent claims arising from sources other than the sale of merchandise or services in the ordinary course of ______.