Match the term and the definition. There are more definitions than terms.

44 Match the term and the definition. There are more definitions than terms. outstanding check sales returns and allowances discount period net sales purchase returns and allowances NSF check maximum credit period gross profit percentage A. When a company accepts goods back from customers. B. When companies reduce price for a sale and then raise it back again. C. Net income divided by gross profit. D. A reduction in price that is given to purchasers who use credit cards E. All the cost of goods bought by a company minus purchase returns and discounts. F. Gross profit divided by total assets. G. If companies take this long to pay suppliers they must pay a late penalty. H. Sales revenue minus all expenses. I. Th e longest amount of time a company has to pay a supplier the undiscounted amount owed K. Sales revenue minus all sales discounts, credit card discounts, and sales returns and allowances L. The length of time a company has to pay a supplier and still receive an early payment discount. M. Gross profit divided by sales revenue. N. When a check has been written on an account that does not have enough money to cover it. O. When companies send goods back to suppliers. n a check has been written but has not yet been recorded by the check writer's bank