Please Match the terms with definition:

Net Sales Revenue

Allowance Method

Notes Receivable

Accounts Receivable

Average Net Receivables

Subsidiary Account

Historical Percentage of Bad Debt Losses

Interest Formula

- A separate accounts receivable account for each customer. - A system used by companies to allocate their budgets over the different operating expenses. - An accounting method which involves estimating bad debts. - Another name for a company's total revenue, which is calculated by multiplying the quantity sold by the average price. - Principal (P) Interest Rate (R) Time (T) - The amount of interest a lender receives during a year. - The amount of past credit sales that have not yet been collected. - The average level of net sales revenue the firm earns each month. - The costs of maintaining accounts with customers who have not made recent purchases. - The denominator of the receivables turnover ratio. - The numerator of the receivables turnover ratio. - The rate at which a company pays off its liabilities or debts. - Used by the percentage of credit sales method to estimate bad debts. - When a formal written contract is established outlining the terms by which a company will receive amounts it is owed and generally charge interest from the day they are signed to the day they are collected.