Asked by Jennifer Nicole on Jun 17, 2024
Verified
Measures how frequently during the year accounts receivable are being turned into cash
A) Accounts receivable turnover
B) Net realizable value
C) Accounts receivable
D) Aging the receivables
E) Receivables
F) Direct write-off method
G) Allowance for doubtful accounts
H) Bad debt expense
I) Notes receivable
Accounts Receivable Turnover
A financial ratio indicating how many times a company's receivables are turned over during a period.
- Determine and explicate the metrics for accounts receivable turnover and the day-to-day analysis of sales in receivables.
Verified Answer
AM
Amina MustajbasicJun 19, 2024
Final Answer :
A
Explanation :
Accounts receivable turnover measures how frequently during the year accounts receivable are being turned into cash.
Answer: B
Net realizable value is the amount that accounts receivable are expected to turn into cash after an allowance for doubtful accounts has been taken into consideration.
Answer: C
Accounts receivable are amounts that are owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Answer: D
Aging the receivables is the process of classifying accounts receivable by the length of time they have been outstanding.
Answer: E
Receivables are amounts owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Answer: F
The direct write-off method is a method of accounting for bad debts in which the bad debt expense is recorded when an account is determined to be uncollectible.
Answer: G
The allowance for doubtful accounts is a contra account to accounts receivable that represents the portion of accounts receivable that is expected to be uncollectible.
Answer: H
Bad debt expense is the expense that is recognized when it is expected that a portion of accounts receivable will be uncollectible.
Answer: I
Notes receivable are written promises by customers to pay a fixed sum of money by a certain date in the future.
Answer: B
Net realizable value is the amount that accounts receivable are expected to turn into cash after an allowance for doubtful accounts has been taken into consideration.
Answer: C
Accounts receivable are amounts that are owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Answer: D
Aging the receivables is the process of classifying accounts receivable by the length of time they have been outstanding.
Answer: E
Receivables are amounts owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Answer: F
The direct write-off method is a method of accounting for bad debts in which the bad debt expense is recorded when an account is determined to be uncollectible.
Answer: G
The allowance for doubtful accounts is a contra account to accounts receivable that represents the portion of accounts receivable that is expected to be uncollectible.
Answer: H
Bad debt expense is the expense that is recognized when it is expected that a portion of accounts receivable will be uncollectible.
Answer: I
Notes receivable are written promises by customers to pay a fixed sum of money by a certain date in the future.
Learning Objectives
- Determine and explicate the metrics for accounts receivable turnover and the day-to-day analysis of sales in receivables.