Unauthorized Course Material on Coursehero
15 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

We are not endorsed by this ______

school

Uploaded by PresidentMoonTurkey8 on ______.com

coursehero

Uploaded by ______ on coursehero.com

PresidentMoonTurkey8

We are not endorsed by this school Uploaded by ______ on coursehero.com

<p>PresidentMoonTurkey8</p> Signup and view all the answers

We are not endorsed by this school Uploaded by PresidentMoonTurkey8 on ______.com

<p>coursehero</p> Signup and view all the answers

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

<p>firm</p> Signup and view all the answers

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

<p>credit</p> Signup and view all the answers

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

<p>receivables</p> Signup and view all the answers

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

<p>receivables</p> Signup and view all the answers

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

<p>wealth</p> Signup and view all the answers

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 ______.

<p>stockholders</p> Signup and view all the answers

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 ______.

<p>receivable</p> Signup and view all the answers

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 ______.

<p>receivable</p> Signup and view all the answers

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

<p>notes</p> Signup and view all the answers

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

<p>business</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser