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HELP! ill rate right away if correct! 1. Net realizable value a. How much money you can expect to earn over a period of time
HELP! ill rate right away if correct!
1. Net realizable value a. How much money you can expect to earn over a period of time selling your goods 2. Percentage of credit b. The length of the credit period and any discounts offered for prompt payment. sales method 3. Allowance for c. A method of estimating uncollectible debts by forecasting the probability of not doubtful accounts collecting late accounts. 4. Principal d. Selling accounts receivable to another company for immediate cash. e. The account in which the estimated amount of accounts receivable expected to be 5. Write-off uncollectible is recorded. 6. Aging of accounts f. Also known as accounts receivable net receivable g. A method of estimating uncollectible debts by looking at the historical average of 7. Credit terms credit sales not collected. 8. Factoring h. The amount of money lent. i. Credit that a company receives when one good is exchanged for another i. The interest earned by money over a period of time. k. When a company increases the amount of accounts receivable by adding the interest earned as accounts age without being collected I. The process of removing specific customers' accounts deemed uncollectibleStep by Step Solution
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